Attracting and retaining high-net-worth clients is an aspiration for most, but it can be tricky. A report from PriceMetix released Wednesday puts some numbers behind the firms that are successful at landing top tier clients.
“Ever since I was a kid, I wanted to be a firefighter,” says Shawn Babendure. Instead, he became a financial advisor, overseeing $152 million for clients with UBS in The Woodlands, a suburban development north of Houston.
Jack Wimer, a Grove, Okla.-based advisor, founded Friends of Fido, an organization focused on getting meals to pets with owners participating in the local Meals on Wheels organization DOCServices—the Delaware, Ottawa, Craig Senior Nutrition Site.
Gerry Klingman of New York-based Klingman & Associates gave advisors attending the Raymond James Professional Development Conference this week eight tips to help them score points with high-net-worth clients. Klingman & Associates currently has $1.3 billion assets under management and advises over 250 clients, 20 of which have over $10 million in investable assets.
Clients want advisors who are good listeners and make investing more understandable, according to a trio of high-net-worth clients speaking to financial service executives at the Tiburon CEO summit in New York City Wednesday.
Hey I just quit my job as an assistant to an FA (long story...)
Was thinking of going into the insurance side, and then use it as a leverage to get in the training program of a canadian bank on the investment side.
I talked to insurance agents at my old firm, commission seem to be comparable and the market larger yet it seems the investment side attracts far more applicants.
So what made you choose insurance over invesment? Did anyone make the transition from insurance to getting investment-liscenced properly?...More
Sales called backbone for business. I am sales person in one MNC so i need app to manage my tasks, work details please share with me if you have any app for sales. My friend Linda suggest me about top ipad Sales Assailant App ( Coming soon ) and other another apps. If you have any suggestion please share with me ..
Federal and state prosecutors, as well as several New York law firms, have put the screws to advisors this week. Back in the U.S., a former stockbroker who fled prosecution for a pump-and-dump scheme was hit with a 7-year jail sentence this week, while FINRA and Massachusetts levied multi-million fines against some of the biggest independent broker-dealers....More
Perma bears are not seeing the big picture. Now is not the time to predict the economic apocalypse or “aftershocks," according to New Constructs' founder David Trainer. Investors need to beware of those selling doom and gloom....More