Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
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Eight Advisor Stories that Demand a Better Continuity Solution
From Pinnacle Advisor Solutions
Added on February 2014 in Plan for the Future
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Summary: Clients need one. Your family needs one. Regulators increasingly want you to have one. Surprisingly advisors have always wanted one. Have you guessed it? Yes. A continuity/succession plan. What is perhaps more interesting is that advisors are finally ready to address it. This week we thought we’d share with you the types of conversations we are having with advisors all the time. If you have not addressed this issue, perhaps you can relate to one of these eight stories.
Competition brings out the best in financial planning students
From InvestmentNews
Added on February 2014 in Join an RIA
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Summary: There is much to be written about all of the technology scoops at the recent T3 Technology Tools for Today conference. Yet what I found most exciting was the FAStech Cup competition. (For those who don't know, FAStech is an integrated technology platform, supported by top industry firms, provided free of charge to universities’ financial planning programs.) This first annual competition is the first ever financial planning industry technology competition.
Vincent Barbera, on Technology Helping Advisers Go Indy
From Wall Street Journal Online
Added on February 2014 in Form an RIA
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Summary: When I was first considering starting my own independent RIA, I knew there was no way I could keep up with "robo-advising platforms" and their powerful, interactive tools. Over the last year or two that's changed. Today there are a number of systems and software options that allow smaller RIAs to offer their clients the same level of technology and service that they'd find in an online platform or with a larger adviser.
Firm Shares Tips for Succession Planning
From Wall Street Journal Online
Added on February 2014 in Plan for the Future
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Summary: The St. Louis-based Moneta Group knows a thing or two about creating a lasting business: The registered investment adviser started as an insurance agency in 1869. Still, when it realized four years ago that many of its top people would be retiring in the next decade, the firm intensified its focus on succession planning. The firm's chairman, Peter Schick, now 67, developed a succession plan for his advisory team, which centered on mentoring younger advisers and providing the resources necessary to become principals.
Housing, Financial Markets Boosted Boomer, Gen X Retirement Readiness: EBRI
From Think Advisor
Added on February 2014 in Thought Leadership
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Summary: Two recent studies by the Employee Benefit Research Institute show how baby boomers and Gen Xers are faring in their retirement readiness (much better thanks to the housing and financial markets), while another shows that those already in retirement are taking “small” withdrawals from their IRAs.
