From InvestmentNews
1 visitor like this article | Viewed 4359 times | 0 comment
Summary: Financial advisers are addressing how best to invest in technology from a fresh perspective, according to the 2015 InvestmentNews Adviser Technology Study. A myopic concentration on costs and on the immediate impact on profits is giving way to client concerns and overall productivity.
From Think Advisor
3 visitors like this article | Viewed 4274 times | 0 comment
Summary: Common wisdom holds that the advice business is not scalable. While operating leverage may be easier to attain in other industries, such as manufacturing or software development, advisory firms can achieve scale once they reach a certain level of critical mass.
From IRIS
1 visitor like this article | Viewed 4222 times | 0 comment
Summary: Planning for an orderly business succession seems to be one of those professional best practices more honored in the breach than the observance, especially among financial advisors. Independent research shows that fewer than 40% of all advisors—including those affiliated advisors who count on their broker-dealers to provide a backup plan—have a succession plan.
From ByAllAccounts
1 visitor like this article | Viewed 4230 times | 0 comment
Summary: There is a famous quote by Lewis Carroll that says, “If you don’t know where you are going, any road will get you there.” Having a vision and knowing where you want to go is one of the cornerstones of your business.
From Financial Advisor Magazine
1 visitor like this article | Viewed 4499 times | 0 comment
Summary: Whether you’re a solo practitioner or a partner in an ensemble practice (or work for one), I suspect that business is good for you these days. That said, some in our field believe you’re going to be out of business within five years.
