Knowledge and Insight
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Career Options for Breakaway Brokers Grow
From Wall Street Journal Online
Added on April 2014 in Join an RIA
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Summary: Job options for the most successful wealth managers just keep growing.Around six years ago, a wave of small but high-profile firms emerged to target high-producing financial advisers, many of them seeking new alternatives to working at the major Wall Street brokerages such as Morgan Stanley, MS +0.13% Merrill Lynch and UBS. sing a variety of business models, these smaller firms, including HighTower Advisors, Dynasty Financial Partners and United Capital Financial Advisers, tapped into the so-called breakaway movement of brokers who wanted greater independence.
Financial adviser: Maybe not the sexiest job, but among the best paying
From InvestmentNews
Added on April 2014 in Join an RIA
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Summary: A job as a financial adviser may lack the cachet of a position with a white-shoe Wall Street investment bank, but when it comes to salary and flexibility, the industry can make a pretty good pitch.This is especially true for top brass. Partners at financial advisory firms can expect to make a median salary of $324,000 per year, according to InvestmentNews Data. Those in the lower ranks, however, may spend much of their 20s wishing they had picked a more lucrative profession.
Voices: Joe Birkofer, on Becoming a Financial Planner in Middle Age
From Wall Street Journal Online
Added on April 2014 in Join an RIA
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Summary: For 11 years, I've taught a class for Rice University's Certified Financial Planning program. I see teaching as an opportunity to keep my skills sharp and give back to the industry. As a financial planner, it's good to say that I'm teaching what I'm preaching. I normally encounter two kinds of students. The first are career enhancers--established advisers who are looking to add the CFP designation and return to their jobs. The second kind of student--the career changer--doesn't have it nearly as easy.
Advisor Pay Starts Low but Tops Out High
From Financial Advisor IQ
Added on March 2014 in Manage Your Practice
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Summary: Pay for financial advisors may start out slow, but it picks up steam, to make it — at the height of one’s career — among the most lucrative jobs in the financial-service industry, says InvestmentNews.
How to Attract Wirehouse Advisors: 5 Tips
From Financial Planning
Added on March 2014 in Manage Your Practice
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That's the message from Neal Simon, founder and chief executive of Highline Wealth Management, whose firm was the subject of a new case study for think tank and study group aRIA.
