From Investment Advisor
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Summary: There are nearly 60,000 financial advisors working as part of independent RIA firms and hybrid RIAs, according to Cerulli Associates. That's roughly double the level of participation about 10 years ago — with client assets at these firms growing nearly 9% per year during the past decade, as of year-end 2016.
From WealthManagement.com
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Summary: WealthManagement.com regularly surveys financial advisors as part of our ongoing benchmarking reports. Our most recent survey, completed by 522 representatives of registered investment advisory firms in July and August, focuses on marketing tactics these firms find most important, how they prioritize client communication and their changing attitudes about robo advisors—no longer seen as a threat, but adoption of the technology is still low.
From LinkedIn Pulse
Added on October 2017 in Join an RIA
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Summary: Branch managers and recruiters at the wirehouses have an unexpected challenge this year: They need to convince financial advisers to change firms and take less in compensation than they would have received just a few months ago.
From InvestmentNews
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Summary: Financial advisory firms of all kinds have received fair warning that they must strengthen their data security and client identity protocols.
From WealthManagement.com
Added on October 2017 in M&A Issues
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Summary: Anyone working in the advisory space hears a lot about mergers and acquisitions, or M&As, these days. Pointing to an aging advisor population, emerging competition from automated online platforms, so-called robos and cumbersome regulation—commentators are predicting a continued surge in mergers among advisors. So far, the data does seem to bear out this trend, as savvy advisors looking to expand their business are finding firm managers ready to exit the business.
