Knowledge and Insight
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Billion-dollar teams inch into indie market
From InvestmentNews
Added on April 2014 in Join an RIA
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Summary: Independent firms are gaining traction among a key group of financial advisers who once shied away from the channel: the $1 billion teams. Although Morgan Stanley and Raymond James were two of the top firms in adding assets in the first quarter, the other three spots were filled by some relatively new players, according to moves tracked by InvestmentNews' Advisers on the Move database.
14 Best Paying Jobs for College Business Majors: 2014
From Think Advisor
Added on April 2014 in Join an RIA
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Summary: “The business of America is business,” President Calvin Coolidge is claimed to have said back in the 1920s. That quote isn’t really accurate, but business schools around the country still turn out thousands of grads every year. Majoring in business might be popular (358,000 bachelor's degress were issued in 2009-10), but which jobs pay the best for those who majored in business is an interesting question.
Building Millennial Advisor Talent
From ThinkAdvisor
Added on April 2014 in Plan for the Future
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Summary: Propelled by a sense of urgency, wealth management firms are rethinking the way they train and develop young advisors—a move they hope will crimp the coming talent crisis.More than one-third of U.S. financial advisors plan to retire over the next decade, according to a report from Cerulli Associates in February. In order to keep up with demand, the industry will need to add over 200,000 new professionals.
Coming soon (thanks to the SEC): More adviser review sites
From InvestmentNews
Added on April 2014 in Form an RIA
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Summary: Last week, the SEC issued new guidance on social media and the Rule 206(4)-1 "Testimonials" rule. While the guidance did not provide much clarity on ongoing sticky issues such as whether LinkedIn "endorsements" constitute testimonials, it did provide important clarification to one key area: third-party adviser review sites
For Wealthiest Clients, 4 Best Practices
From Financial Planning
Added on April 2014 in Thought Leadership
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Summary: For advisors to the wealthiest families, a new report suggests that it's not what you do that matters -- it's how you do it. More specifically, it's the way that wealth management services are delivered to rich families -- as opposed to the service menu itself -- that has become the biggest differentiator for leading advisory firms, according to a new report from the Family Office Exchange. That smarter approach to client service is what will help firms stand out in an era of product commoditization, according to the report, The State of the Art in Family Wealth Management.
