From Wealth Management
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Summary: The Great Resignation has not spared the wealth management industry, and firms would be wise to take heed of one of my grandmother's stark sayings, “You don’t miss your water until the well runs dry.”
From Wealth Management
Added on January 2022 in Join an RIA
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Summary: The most successful advisor transitions occur when all parties are fully focused on the process every step of the way. Transitions have a plethora of moving parts, and without full engagement from the advisory team involved, it becomes increasingly difficult to facilitate the change on your preferred (and in most cases, mission-critical) time line. Here is an example of a recent transition, focusing on two critical keys to success I have gathered from my experience in working with advisors.
From Wealth Management
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Summary: How important is it for financial advisors to understand the economic and societal impact of the Great Resignation? The significance of this tumultuous labor force disruption is validated by its 2021 entry in Wikipedia, and the 10 million Google hits for that phrase. Over 40 million Americans quit their jobs in 2021. Some employers are so desperate for staffing, they are advertising “Apply today, work today, get paid today.
From InvestmentNews
Added on January 2022 in Form an RIA
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Summary: [Whitepaper] The right technology is essential to an RIA’s value prop and a critical means to differentiate from the competition. Breakaway advisors have faced the challenge – and now they’re sharing their secrets:
From ThinkAdvisor
Added on January 2022 in M&A Issues
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Summary: Sixty-three percent of RIAs in a recent survey said they expect merger-and-acquisition activity to continue to increase this year, DeVoe & Co. reported this week. Forty-seven percent of advisors said activity would rise somewhat, and 16% said it would do so considerably.
