Financial advisors do not appear to be carrying their weight. A new study based on Canadian data shows that while advisors are able to put clients into better performing assets, they simply do not outperform their costs....More
Most advisors give their top clients gifts for the holidays--it's almost expected. So what does it take to stand out? These eight advisors put some thought into the annual ritual and came up with something a bit more interesting than your typical gift basket.
Research shows that while the average age of financial advisors has gone up, the percentage of advisors that don't have a succession plan in place has gone up as well. Why don't more advisors have a plan, and how can the industry better prepare for the future.
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
Shedding non-core activities can free advisors to focus on what’s really important; meeting with clients and engaging in other revenue generating activities. Outsourcing the investment management function of the practice is one way to do so. For those still skeptical—the proof is in the results....More