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
Though high yield is often considered one category, its two components—high yield bonds and leveraged loans—perform differently in rising rate environments. Bonds pay the same rate of interest regardless of the risk-free rate—a feature attractive in low or declining rate environments. Leveraged loans are generally safer investments that are more senior in the capital structure, have lower volatility and provide floating interest rate exposure...More
With the wind at their backs, sprinters have broken speed records. Similarly, the tailwind of a bull market has boosted the fortunes of equity investors over the past five years. In both cases, the pace cannot be sustained over a long period of time. Look back no further than the past 10 years for confirmation of the market’s lack of endurance....More
There are over a hundred behavioral biases that investors can be subject to, leading to poor investment decisions. To educate your clients and help counsel them to more appropriate investment decisions, you need an understanding of the market and how investor biases take root....More
With many client portfolios barely outperforming the market, and many investors still driven by fear-based thinking and irrationality, advisors need effective strategies for portfolio construction now more than ever....More
Technology is a critical differentiator in today's digital age for running an efficient and effective practice. Those entrepreneurial financial advisors and wealth managers who are leveraging technology in their firms are creating better client experiences, improving cash flow, generating new revenue streams, and scaling their services....More