From Financial Planning
Added on February 2017 in M&A Issues
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Summary: Subacquisitions, the purchase of a smaller RIA by a larger firm that itself had been previously acquired, have nearly quadrupled since 2014 and now comprise 22% of all M&A transactions by established RIAs, according to DeVoe & Co.'s latest industry report.
From Financial Advisor IQ
Added on February 2017 in Join an RIA
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Summary: Kyle Kensing, CareerCast’s online content editor, tells CNBC. Some firms, including Betterment and Charles Schwab, have begun hiring more advisors to assist investors on their automated platforms in volatile markets, according to the news channel.
From IRIS
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Summary: Wikipedia tells us that, “Delegation is the assignment of authority and responsibility to another person to carry out specific activities. The person who delegated the work still remains accountable for the outcome of that work. Delegation is supposed to empower a subordinate to learn and to make decisions.”
From InvestmentNews
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Summary: Vanguard founder John Bogle said in a New York Times op-ed piece today that annulling the Department of Labor's fiduciary rule “would clearly be a setback for investors trying to prepare for retirement.”
From LinkedIn Pulse
Added on February 2017 in Join an RIA
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Summary: When working with firm owners I typically hear, “we don’t have people with the right skills for the demands of this business.” Conversely when I interview employees of advisory firms I hear, “this firm doesn’t take advantage of half of my skills that I have to offer."
