From Financial Planning
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Summary: Despite seeing the highest assets under management and compensation levels since 2007, many financial advisors appear to be falling behind when it comes to positioning themselves for future success, according to a new Fidelity study. Almost all advisors (95%) expanded their books of business in the last 12 months, with average AUM at $62 million and average compensation at $240,000, the Fidelity Advisor Insights study found.
From InvestmentNews
Added on April 2014 in Form an RIA
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Summary: Now that the SEC has allowed advisers to use third-party client reviews on their websites or social-media pages, it's time to figure out what kinds of uses will run afoul of industry regulators. Test your compliance knowledge with these five client review sharing scenarios to figure out if you're up to speed.
From Think Advisor
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Summary: Mega advisor teams with $500 million or more in assets under management control 42% of advisory marketshare, and are best poised to attract high-net-worth clients, according to a new report by Cerulli Associates.
From ThinkAdvisor
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Summary: Courting millennial investors is a key challenge confronting the financial services sector. Industry professionals on Thursday discussed what these young investors want from their financial services firms during a panel discussion at SIFMA’s private wealth conference in New York.
From Wall Street Journal Online
Added on April 2014 in Form an RIA
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Summary: Wall Street's self-regulator is no longer trying to extend its reach to registered investment advisers.Finra oversees brokers, who operate under a distinct set of rules from registered investment advisers, or RIAs, who are supervised directly by the Securities and Exchange Commission and the states.
