Mergers between smaller advisory firms are quietly transforming the industry. Done right, they can boost your business with scale and efficiency. Done wrong, they can be a drag for years to come. Here’s what you need to ask both yourself and your potential partner.
It's time to stop thinking of RIAs as a "practice," argues Philip Palaveev. The largest have grown into true corporate enterprises and that means eliminating these six long-standing mantras about how to run them.
You may be pessimistic about the economy, the markets or the dollar but there is little reason whatsoever to be concerned about the state of the financial advisory industry. Results of Registered Rep.’s 2011 Compensation Survey suggest that financial advisors continue to expand their practices, work with more clients and receive ample compensation for their efforts.
Securities America is just the latest broker/dealer to face financial distress. With so many firms falling into financial or legal hot water lately, financial advisors need to be prepared for the worst. Here's a checklist for your Plan B.
Securities America is just the latest broker/dealer to face financial distress. With so many firms falling into financial or legal hot water lately, financial advisors need to be prepared for the worst. Here’s a checklist for your Plan B.
Focusing on clients and growth is the natural instinct of our industry. Still, before we turn the page to a new year, we all have to make sure that we have brought to conclusion all the open items from this one.
If the cobbler’s kids run around barefoot, the financial advisor’s kids may be a little nervous about their college funds right now. A surprising number of financial advisors are not prepared financially for a year that likely will bring significant declines in revenue and therefore personal income.
As a former communist, I am highly trained to detect the early signs of an approaching revolution. It is well known in former communist circles that unmet expectations and a sense that one is being exploited are necessary preconditions for any successful uprising