From InvestmentNews
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Summary: The latest performance results are in, and 2013 was a great year to be in the financial advice business.Financial advisory firms boosted assets under management last year by 21% to an average of $502 million, the 2014 InvestmentNews Financial Performance Study of Advisory Firms found. That's up from $414 million in 2012. AUM, in fact, has increased an average of 20% every year since 2009.
From Think Advisor
Added on September 2014 in Form an RIA
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Summary:Responding to the preliminary results of the recently released survey by the North American Securities Administrators Association, which found that the majority of small and midsize state-registered advisors have tech or cybersecurity policies in place and that only 4.1% of the participants were aware that they had suffered a cybersecurity incident.
From Financial Advisor IQ
Added on September 2014 in M&A Issues
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Summary: Investment banks, custodians and boutique lenders are starting to rally behind independent RIAs in need of capital for merger deals, according to Institutional Investor.
From Financial Planning
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Summary: At most advisory firms, the founders are the primary rainmakers. They seem to have this innate, magical ability to bring in new business, and their entire firms have grown up around them to support them in that role. I believe it takes more than monetary rewards to build an organization focused on successful business development. The answer lies in implementing these six key strategies.
From Financial Planning
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Summary: When a prospects asks “what do you do?,” there is nothing you can say, no words that will come out of your mouth, that will be so interesting, so titillating that it will stimulate curiosity to learn more about your professional services.
