From IRIS
Added on August 2016 in M&A Issues
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Summary: Practice acquisition (acquiring a retiring advisor's practice) is an incredibly lucrative way to grow your business exponentially, and as advisors age, there will be ample opportunity for younger advisors to acquire practices. In the next 10-15 years, there's going to be a glut of for sale by owner practices, but the simple fact is that they are not going to be worth the multiples that are being thrown around now.
From InvestmentNews
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Summary: One of the industry's largest life insurance companies recently filed a motion for secrecy in a lawsuit against them for allegedly singling out and charging certain policyholders substantially more for the cost of insurance. This is another example of efforts to keep policyholders and advisers in the dark, denying the information essential to the prudent selection and proper management of life insurance. This is also an opportunity for advisers to develop new business by adding a flashlight, a ruler, and a bag for money, to your toolbox.
From InvestmentNews
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Summary: Many financial planners have long advised their clients to pay less attention to the media to avoid making investment mistakes, and new academic research is backing their counsel.
From Financial Advisor IQ
Added on August 2016 in Form an RIA
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Summary: The majority of financial advisors believe they’ll have to change how they do business in light of the Department of Labor’s fiduciary rule, but few are aware of their firms’ plans to comply with the rule designed to force retirement brokers to put clients’ interests ahead of their own, according to a quarterly survey from Nationwide Retirement Institute.
From Financial Advisor IQ
Added on August 2016 in M&A Issues
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Summary: Strategic acquirers represent a formidable force in the registered investment advisor mergers and acquisitions game, according to a recent report released by Fidelity. But to align themselves correctly for an acquisition, RIAs need to understand the varying needs of the different types of acquirers and what they stand to gain — and lose — in the deal, according to the report.
