How do you become a $1 billion firm? In 2009, there were 300 independent advisory firms that had $1 billion in assets under management. Today that number is past 700 and appears to be accelerating. Yet independent firms that have been successful in the past may face new pressure from large firms with sophisticated capabilities.
Some 1,900 independent RIAs descend upon Denver this week for Schwab’s annual IMPACT conference. Social media and technology, alternatives and wealth transfer between generations are among the themes....More
Interest rates are destined to head upward in earnest from their QE-induced quagmire. The only question is when. Is there a cheap and potentially long-lived hedge that can protect bondholders? There is, but it depends on leverage....More
An entire generation of fixed-income fund managers has grown up professionally in the seemingly never-ending bull market for bonds. Still, some outperform their peers. Here are four young(ish) bond managers that may be poised to continue beating the market....More
While we're coming off of a 30-year bull market in bonds and a 10 percent stock market correction, Nuveen's Chief Equity Strategist Bob Doll says there are more reasons to be confident than fearful in 2014.
RIA firms at the top are increasingly holding more of the assets, while those at the bottom continue to lose their share of the pie, according to a new report by the Investment Adviser Association and National Regulatory Services....More
Networking at the 2014 Morningstar Investment Conference was not limited to face-to-face during the massive three-day event, as hundreds flocked to Twitter and other forms of social media to share conference happenings....More
Delaying Social Security benefits is the equivalent of getting about a 6.5 percent bond return, industry blogger and financial planning guru Michael Kitces told advisors at Morningstar's annual Investment Conference this week....More
While seasoned financial experts understand the natural ebb and flow of the markets, average investors feel genuine fear and see no relief in sight, turning their fear into chronic investing anxiety....More
When it comes to switching firms, advisors must plan their transition carefully. It requires thoughtful planning, a desire to run and grow your business, and unwavering dedication to do what is right for your clients....More
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.
The U.S. corporate high yield market has grown from $250 billion to a $2.4 trillion industry. High yield has proven to be a solid asset class for investors, over time producing comparable returns to the S&P 500 with approximately half the volatility....More
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a fascinating look at behavioral finance and behavioral portfolio management....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