From Financial Planning
1 visitor like this article | Viewed 4151 times | 0 comment
Summary: Running up against the limits of a recruitment strategy based on swiping advisor talent from their competitors, leading wealth management firms are trying a new ploy: Growing their own. With so many regionals, wirehouses and independents intent on poaching top talent in recent years, there has been little to no emphasis on cultivating a new generation of advisors.
From wealthmanagement.com
Added on March 2014 in M&A Issues
1 visitor like this article | Viewed 4805 times | 0 comment
Summary: RIAs are looking to grow and are seizing on the opportunity to scoop up smaller firms, according to new report by Schwab Advisor Services. RIAs were the biggest buyers of other RIAs last year, with 44 percent of the 54 overall merger and acquisition deals for 2013 completed by RIAs. Smaller firms in particular utilized the deals as a growth strategy during the second half of the year, Schwab found.
From Wall Street Journal Online
1 visitor like this article | Viewed 4529 times | 0 comment
Summary: To really grow, a financial advisory business needs to find ways to become more efficient. Those ways often involve new technology and systems to make their expanding ranks of advisers more effective at tending to clients and their money, and bringing in more of both.
From On Wall Street
Added on March 2014 in Join an RIA
0 visitor like this article | Viewed 4767 times | 0 comment
Summary: Looking to attract and retain top advisors this year? Expect senior-level executives to demand equity and career growth, says Kathy Freeman.“When we started the survey five years ago, executives were more focused on the health of the company,” says Freeman, president and CEO of her eponymous executive search firm. “Now it’s all about their own careers.”
From Financial Planning
1 visitor like this article | Viewed 3978 times | 0 comment
Summary:Every month, I try to determine the most important issue to write about, yet most of the time I end up delving into the seemingly boring topic of regulation. Why? Because I think the massive lobbying effort by the brokerage world and the Financial Services Institute to make FINRA the chief regulator of the financial planning and RIA community poses an existential threat. I actually believe that FINRA regulation would snuff out the creativity and idealism of our profession - and put a lot of great advisory firms out of business, reducing a lot of pesky competition for FINRA's brokerage firm members.
