In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Here's an idea for the struggling junior member of your team. Instead of a bonus this year, try offering him a board game based on markets and Wall Street! For kids ages eight and up, there is quite a selection. Here are just a few: Stock Market...
The talent wars for so-called top producers have gotten stiffer in the past two years, and don't show any sign of abating. Of course, who qualifies as a top producer varies by broker/dealer and by channel: At the smaller end, it applies to reps...
Ryan Jacob, the dot-com portfolio manager notorious for having lost 90 percent of client assets during the market collapse in 2000, has come full circle. The determined fund skipper, who is now buying value stocks, is back with a vengeance as...
On June 25, 2007, the Supreme Court agreed to hear Knight v. Commissioner1 to decide whether trusts and estates can fully deduct the fees they pay for the investment management and advisory services they receive.2 For the last 10 years, a debate...
Is your practice retirement-ready? As you may have heard, in the coming years nearly 80 million Americans will bid farewell to their careers. In so doing, they will end the wealth accumulation phase of their financial lives, and begin the wealth...
Investment advisor reps raised their fees last year for the first time since 2002. This nudged them up to a median 1 percent on assets from 0.98 percent the previous year, and brought them back in line with median fees charged in 2004, according...
Artists have always needed wealthy patrons. Bet you didn’t know that UBS’s headquarters at 1285 Avenue of the Americas (bet. 51st and 52nd streets) in New York City also serves as an art gallery, featuring four art shows a year.
Merrill Lynch won big last week in the aggressive industry-wide recruiting war for top advisors. The firm recruited away from UBS a team of three producers, and their support staff, with $2.5 billion in assets under management and $5.5 million in...
It is a question virtually every branch manager will one day face: What do you do when a top-tier producer decides it’s time to leave the branch and the firm?
Name Firm (B/D) City Est. AUM in MM Yrs. in Biz Business Description/Specialty 1 Ron Carson Carson Wealth Management Group (LPL) Omaha, NE $1,560 24 Holistic wealth management and asset management. 2 Cleves and Brad Delp The Delp Company (LPL)...
