From Financial Advisor IQ
Added on March 2018 in Join an RIA
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Summary: Financial advisors at large wealth management firms don’t necessarily need to come up with a business plan — but they must be prepared to live off their savings and to study the firms that they’re leaving, as well as their place within them, to understand whether they can go independent, Syracuse University professor and venture investor Carl Schramm tells ThinkAdvisor.
From ThinkAdvisor
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Summary: The commoditization of investment management and the fee compression that comes along with that constitute the number one issue that will impact advisory firms this year, according to a new survey from Fidelity Clearing and Custody Solutions.
From InvestmentNews
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Summary: More than a quarter — 28% — of advisers who are within 10 years of retirement are unsure about succession, posing a problem for all channels of the advice business, according to a new study by Cerulli Associates.
From PFI Advisors
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Summary: [Blog] As a consultant to both breakaway advisors and RIAs, some may question my title to this article, and others may question my timing, as “The Enduring Advisory Firm: How to Serve Your Clients More Effectively and Operate More Efficiently” was released over a year ago. To the first point, any RIA struggling with profitability in…
From Barron's Advisor Center
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Summary: How many times have you heard something like this: “Advisors need to demonstrate value beyond just investing, or drop their fees to compete with robo-advisors.”
