From InvestmentNews
Added on September 2014 in Form an RIA
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Summary: As a counterpoint to the flurry of articles about "big data," many industry pundits are addressing the value of "small data." In my world, small data refers to the information I can access and interpret from my own resources within my RIA firm. Four tools make this possible for me: A CRM system (Junxure), portfolio accounting software (PortfolioCenter), re-balancing software (TRX) and tax preparation software (Lacerte).
From Think Advisor
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Summary: Fiduciary advisors are in peril. The brokerage industry is smothering fiduciary advisors in a well-oiled Wall Street-Washington lobbying campaign. Their strategy: persuade policymakers and regulators that "best interest" advice harms investors, while higher cost, opaque products sales help investors.
From Financial Planning
Added on September 2014 in M&A Issues
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Summary: Thinking about selling your advisory firm or valuing it for succession planning? Think discounted cash flow. "The future cash flow - essentially the profitability - of an acquired company pays back an investor on their investment," explains valuation expert and strategic consultant David DeVoe. "The best way to value a company is to determine what those future cash flows will be."
From On Wall Street
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Summary: I have found that when financial advisors retire, they usually want to make sure they take care of their clients, as well as get paid for their practice, which they spent decades building and nurturing. However, doing both of these things can be a tricky proposition, and will likely play out to be the biggest challenge facing the industry over the next 10 years.
From Wall Street Journal
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Summary: All financial advisers want direct, deeply personal relationships with wealthy families. As the chief investment officer for one Midwest-based family office told me, "The only way to provide valuable advice is to truly understand them."
