From Think Advisor
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Summary: Many industry benchmarking studies are reporting that profitability has been falling in most independent advisory firms over the past two years. While there are a number of possible reasons for this, in my work with independent firms, I’ve found there are really only a few reasons. One is technology. Or perhaps more accurately, it's the failure of many advisory firm owners to efficiently integrate the flood of new technology into their businesses.
From Don Connelly & Associates
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Summary: You already know how dangerous for your business not using LinkedIn could be, don’t you? With more than 5 million affluent investors on the network, Financial Advisors cannot afford to overlook using it as a networking and prospecting tool.
From Financial Advisor IQ
Added on November 2016 in Join an RIA
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Summary: The annual mean wage of a personal financial advisor reached $118,050 in 2015, compared to $67,430 in 2000, according to careertrends.com, which compiled data from the Bureau of Labor Statistics. That places advisors in the top 10% among earners across all industries, Investor’s Business Daily writes.
From Financial Planning
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Summary: Compensation makes up the single largest cost for RIAs, according Schwab’s most-recent RIA Benchmarking Study, yet many firms do not have a well-defined incentive package in place to reward and retain talent.
From IRIS
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Summary: We’re rapidly approaching the end of the year and you’re all starting to realize you still have a great deal of work to be done! But, let me ask you: Does all of it have to be done?
