From Financial Advisor IQ
Added on February 2017 in M&A Issues
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Summary: For advisors, the sale of their practice or firm may be the largest financial transaction they will ever handle and often represents their largest personal financial asset. As a result, it’s important to take the process seriously and begin to develop a timeline and a long-term strategy in order to achieve your goal of a smooth exit.
From WealthManagement.com
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Summary: Due to the rise of "robo advisors" and other digital platforms, retail investors have access to a broad range of relatively cheap and highly sophisticated third-party asset management offerings. So, while asset management will always be a component of any independent advisory practice, the day is fast upon us—if it hasn’t come already—when it can no longer be the principal focus.
From On Wall Street
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Summary: Amid growing worries that there are not enough new advisers to replace those who are retiring, the CFP Board's Center for Financial Planning is rolling out a host of new initiatives aimed at expanding and diversifying the workforce.
From InvestmentNews
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Summary: Financial advisers today face changing client needs, technology-driven disruptions, increasing competition and other businesses pressures, but there are ways for them to leverage these transformations, according to Michael Kitces and Alan Moore, co-founders of the XY Planning Network. They presented these suggestions at the TD Ameritrade National LINC 2017 conference in San Diego.
From ThinkAdvisor
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Summary: Every week seems to bring another story of email theft. The attacks are relentless, striking corporations, government agencies and political groups.
