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
Recent statistics show markedly improved longevity rates. Between 1985 and 2010, the number of people living past age 90 tripled and will quadruple in the next 40 years. In addition, death rates for various diseases including the two leading killers (heart disease and cancer) have decreased from 38% to 13.5% over the past 10 years....More
You make sure you practice good diversification techniques when advising your clients on their portfolios. Now, with this webinar, you can discover a key way to diversify your practice, with a wider client base that is geared for future growth....More
Investors tend to look at portfolio risk in terms of geographic exposure or asset classes—but that's not always an accurate gauge. Taking a broader view of risk assessment can provide a better sense of how the portfolio will perform in volatile markets....More