Knowledge and Insight
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Advice business lags behind comparable careers in hiring women
From InvestmentNews
Added on April 2014 in Thought Leadership
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Summary: Women make up about a quarter of the nation's financial advisers, a pretty skimpy figure considering it is a well-paying career that doesn't require a tremendous educational commitment and offers great work-life balance, at least after the first five years or so. What's surprising is the number of professions that have just as high a percentage — or higher — of women among their ranks.
4 Business-Friendly Options for Providing Clients With Health Care, LTC Services
From Think Advisor
Added on April 2014 in Manage Your Practice
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Summary: This is a period of uncertainty for fee-based independent financial advisors. On the one hand, ‘robo advisors’ are seeing some success in attracting assets with their consumer friendly interfaces, readily accessible data and low-cost approach. On the other hand, aging Baby Boomers are increasingly turning to advisors for long-term care (LTC) planning and elder care information, advice that requires specialized expertise.
Millennials: Young and poor now, but your mainstay clients someday
From InvestmentNews
Added on April 2014 in Thought Leadership
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Summary: If you want to stay relevant as an adviser in the future, then it's time to start ramping up your offerings to better serve tech-savvy Millennial clients. Such was the theme at a panel discussion Thursday at the Securities Industry and Financial Markets Association's Private Client Conference in New York. The panel covered the latest factors that advisers need to take into consideration when weighing their service offerings in the future.
The New Challenge for the Next Generation of Financial Planners
From ThinkAdvisor
Added on April 2014 in Join an RIA
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Summary: As financial planning education began to shift to colleges and universities in the 1980s and 1990s, culminating in an explosion of degree-based financial planning programs in the early 2000s, this process of how a financial planner is trained began to change. While the first generation of financial planners were salespeople who became financial planners, this next generation of financial planners are entering the workplace and are trained as planners from the start.
Happy 10th Birthday, Protocol — and Nice Work!
From Financial Advisor IQ
Added on April 2014 in Form an RIA
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Summary: More financial advisors are firm-hopping this year, according to industry experts. By way of explanation, insiders cite last year’s market surge, which left brokers with solid “trailing 12” production numbers and clients with a warm, fuzzy feeling that could make them loyal to their advisors. Fear of impending compensation-disclosure rules may also be prompting brokers to make their moves now. But whatever an advisor’s reason for switching firms, experts agree that doing so is easier than it used to be, thanks to the Protocol for Broker Recruiting, which will be 10 years old this August.
