 What I know is that firms that aspired to and built sustainable businesses have found a way to install effective business management processes and practices within their firms."John Furey, founder and the principal of Advisor Growth Strategies. |
How top RIAs transition from business owner to business manager
John Furey | InvestmentNews, January 2014
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Summary: The growth of the RIA channel can be attributed primarily to the entrepreneurial spirit of financial advisers who decided they wanted to take on the risk/reward scenario of being a business owner in addition to becoming a financial adviser. Many advisers find the RIA model attractive, given the fiduciary construct, the ability to have control, the client experience and the fee-based orientation of the channel.
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