 Nobody can predict the future with certainty, but advisors should engage in a dialog about model options available to them or take the opportunity to reinvest in their businesses to create sustainable firms that will be able to compete over the long haul.’”
John Furey, Advisor Growth Strategies
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How RIAs are becoming as complacent as wirehouses -- and what it'll take to snap out of it
John Furey | RIABiz, October 2013
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RIAs have been some of the fastest growing members of the financial industry but are becoming complacent like wirehouses. Super-RIAs are beginning to reshape the landscape of the industry and might possibly knock some of the large players out of the market. RIAs with roots in the wirehouse model tend to have higher sales. Scaleability will become crucial as price pressure increases and greater competition could lead to lower revenues.
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