From wealthmanagement.com
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Summary: In an increasingly complex and competitive post-recession environment, CEOs of family businesses are making strides to plan for an uncertain future, navigating the interplay between innovation and technology and grappling with barriers to growth. With family-controlled businesses accounting for 35 percent of Fortune 500 companies, they’re a huge driver of the U.S. economy.
From Financial Planning
Added on February 2015 in M&A Issues
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Summary: Interest in dealmaking remains sky high, but actually closing a transaction is anything but easy. At a breakout session devoted to closing deals at TD Ameritrade's national conference, a trio of prominent buyers of RIA firms discussed what they were looking for when assessing a seller.
From On Wall Street
Added on February 2015 in Join an RIA
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Summary: The biggest firms are falling short of filling the pipeline with a steady supply of young financial advisors who can replace an aging advisor population within the employee advisory channel, according to our annual grouping of the wealth management industry's top recruiters.
From Financial Planning
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Summary: If asset growth is the lifeblood of RIAs, metrics are the guideposts."Metrics are essential for the vision of the company," said Paul West, managing director of Carson Wealth Management, "and firms have to make sure there is accountability and responsibility for tracking, performing and implementing those metrics."
From Financial Planning
Added on January 2015 in M&A Issues
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Summary: When a firm in the advisory business refers to assets, it’s widely presumed they mean AUM. Indeed, the SEC has a strict definition of assets under management, which advisory firms must report on their Form ADV.
