From InvestmentNews
Added on September 2015 in Form an RIA
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Summary: Growth has changed the nature of the independent advisory firm. Adviser ownership used to define independence; however, today there are more employee advisers in independent firms than owner-advisers. This change amplifies the importance of career tracks and growing talent. It also poses difficult questions to the culture of the firm and its competitive positioning. With the influx of employee advisers, what does “independent” mean?
From Financial Advisor IQ
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Summary: I think that the recession of 2007 to 2009 was a real time of learning for many financial advisors, myself included. We knew from our research that a 20% drop in the market would likely be followed by a corresponding bounce, and we employed multiple strategies to hold clients in place when they wanted to bolt from the market. Over that entire tumultuous period, we lost only one client — and that experience taught me some useful lessons that I still think about to this day
From WealthManagement.com
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Summary: With the proliferation of digital technology in financial services, some fear the industry features a disruption as profound as online shopping had on the retail market. But research from Cerulli suggests this is unlikely to be the case. Instead, technology may actually increase demand for personalized financial advice from a human
From Financial Advisor Magazine
Added on August 2015 in Form an RIA
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Summary: Two years ago, when Ajay Gupta left UBS to start his own independent wealth management firm in San Diego, he wasn’t sure if anyone was coming with him. But it wasn’t the first time Gupta took a risk in stepping out on his own: Fifteen years ago, he abandoned his advisory practice in Canada to start anew in San Diego. Today, he is CEO and CIO of Gupta Wealth Management, an RIA that recently surpassed $1 billion in assets under management.
From IRIS
Added on August 2015 in M&A Issues
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Summary: Working with a mergers and acquisitions specialist will help to achieve a good deal and a smooth transition. They’ll assist in valuations, finding buyers and doing their due diligence. They’re also somewhat of a hand holder for those selling a business for the first time, who likely have many questions and concerns.
