Added on November 2015 in Join an RIA
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Summary: The number of large teams breaking away and starting their own independent advisory firms has been rising. Scott Highmark of Mosaic Family Wealth likes to compare this trend to the growth of the craft beer industry. Craft beers, like breakaways, have been around for years but recently, there's been a notable increase in their appeal. Why?
Added on November 2015 in Join an RIA
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Summary: LPL Financial (LPLA), the largest independent broker-dealer in the U.S., announced Monday a college internship program, developed in partnership with Private Advisor Group, one of the largest firms on its hybrid RIA platform.
Added on October 2015 in Join an RIA
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Summary:Expect more breakaway brokers who become RIAs to merge their teams and form mega-firms, says a top industry executive.
Added on October 2015 in Join an RIA
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Summary:According to the latest research by Cerulli Associates, about 35 percent of advisors say they’d join an existing RIA as a principle or partial owner and 18 percent said they would consider joining an existing RIA as an employee.
Added on October 2015 in Join an RIA
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Summary:Going it alone isn't nearly as attractive for financial advisers as it used to be. Today, financial advisers are more likely to join an established RIA than to create their own independent advisory firm, a new report by Cerulli Associates found.
