From Financial Planning
Added on October 2017 in Form an RIA
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Summary: That’s the message state securities administrators stressed while noting the massive jump in deficiencies found earlier this year in their bulked-up examinations of smaller RIAs. Andrea Seidt, the chairwoman of the North American Securities Administrator Association’s Investment Adviser Section, warned advisors about the trend toward new fee setups.
From Financial Planning
Added on October 2017 in M&A Issues
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Summary: After sitting on the sidelines for nearly three years, Mariner, which has over $9 billion in AUM, plans to make seven to 10 acquisitions next year, targeting firms across the country with between $250 million and $1 billion in AUM, says Mariner CEO Marty Bicknell..
From Barron's Advisor Center
Added on October 2017 in Join an RIA
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Summary: Big RIA firms are paying more to ensure they have good talent, writes FinancialAdvisorIQ.This year, 92% of all large advisory firms increased salaries across the board, the publication says, citing a Fidelity report. And nearly 50% gave raises “that outpaced the national average for their respective positions,” the publication says.
From WealthManagement.com
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Summary: The number of young millionaires is quickly growing, according to Fidelity Investments. In its ninth “Millionaire Outlook” study, the firm reported that Generation X/Y individuals account for 18 percent of millionaires in the U.S., up from 8 percent in 2012.
From InvestmentNews
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Summary: E*Trade Financial Corp.'s acquisition of Trust Company of America is seen as a solid endorsement of the strength and profitability of the financial advisory business.
