Added on October 2015 in Join an RIA
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Summary:For a financial advisor breaking away from the shelter of a wirehouse, such change is seismic. Happily, this transition has never been easier thanks to an abundance of supportive firms specializing in the indie space. At the same time, never have there been as many choices for going independent, each with inherent strengths and limitations.
Added on September 2015 in Join an RIA
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Summary: A survey by the CFP Board a few months ago found that less than 4% of planners are younger than 30 and more than 20% are older than 60. It’s obvious there will need to be a bigger influx of young advisors for our profession to thrive.
Added on September 2015 in Join an RIA
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Summary: Lead financial advisers who have attained a CFA designation earned on average a median $147,743 in base salary and $30,000 in incentive-based compensation last year, 24% more than the total compensation for those with the certified financial planner mark and 23% more than advisers who also are certified public accountants, according to the 2015 InvestmentNews/Moss Adams Adviser Compensation and Staffing Study released Sept. 7.
Added on August 2015 in Join an RIA
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Summary: In May, after a decade at Wells Fargo Advisors, advisor Michael Palace joined the independent RIA Gladstone Wealth Group in Bedminster, N.J., which uses LPL Financial’s brokerage services. The sole practitioner, who also had worked at UBS for five years, managed about $130 million at Wells Fargo.
Added on August 2015 in Join an RIA
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Summary: Almost a third of all 11,472 SEC-registered RIAs are concentrated in New York and California, which has several secondary financial hubs in the cities of Los Angeles and San Francisco.
