RIAs are thinking more about the future of their practice, according to a TD Ameritrade telephone survey of 500 registered investment advisors in August. The percentage of advisors who said they didn’t have a succession plan dropped to 38 percent...
News today that Warren Buffett is sharply increasing his bet on equities recalls Howard Ward’s observations at the Schwab IMPACT conference for financial advisors last week in San Francisco. ...
Another custodian says it’s seeing bigger RIAs getting bought, although the deals are fewer in number than a year ago. Pershing Advisor Solutions and its research partner, FA Insight, said there were eight transactions in the third quarter with...
Big contributors to charity typically wait until the fourth quarter of the year before writing their annual checks, hanging onto the money as long as they can while still qualifying for the tax deduction. So news about sharply higher contributions...
TD Ameritrade Institutional, the RIA arm of the custodian and online brokerage, today reported a healthy increase in the number of breakaway brokers for its fiscal 2011, which ended Sept. 30. TDA signed up 348 breakaway practices, according to Tom...
HighTower Advisors isn’t interested in recruiting just advisors from wirehouses; the hybrid registered investment advisor is also signing up administrators from the big full-service brokerages. The company today said it has hired Ann T. Rieder ...
August is giving April a run for the distinction of being the cruelest month. Perhaps you can chalk it up to the bitter Congressional negotiations over extending the federal debt limit, the persistent European debt crisis, and the wild swings in...
News of Lori Van Dusen’s departure from Convergent Wealth Advisors set the RIA world buzzing when the story broke on Tuesday. Apparently it caught the attention of enough investors that Convergent put out a release late yesterday afternoon with...
Third-quarter merger and acquisition stats on the RIA channel continue to show a strengthening market, according to Schwab Advisor Services, but the trend could be sidetracked if stock market volatility extends too long, says David DeVoe, Schwab’s...
The volatile markets may be taking the edge off the desire of advisors to broaden their clients’ portfolios. The annual Rydex/SGI AdvisorBenchmarking survey said that 46 percent of advisors at RIA firms in the poll expected to increase their use...
