Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
All Articles
Wirehouse breakaway market seen thawing
From InvestmentNews
Added on February 2014 in Join an RIA
1 visitor like this article | Viewed 4567 times | 0 comment
Summary: Until last month, Timothy B. Kneen and Clayton E. Hartman were locked in what some might consider a textbook example of “golden handcuffs.”The longtime brokers still owed their employer, UBS Wealth Management Americas Inc., forgivable loans that they received as part of their compensation. And their deferred compensation wasn't yet within reach. But those financial restraints didn't prevent the brokers and their team of more than a dozen people from leaving the wirehouse and starting IFM Capital Advisors with offices in Colorado and South Dakota.
Advisers need younger clients, but aren't reaching out: Survey
From InvestmentNews
Added on February 2014 in Thought Leadership
1 visitor like this article | Viewed 3803 times | 0 comment
Summary: Despite recognizing that wooing younger clients is vital to the longevity of their businesses, most advisers aren't making any effort to do so. Six in 10 advisory firms don't have any strategy in place to court younger clients, according to a recent survey conducted by TD Ameritrade Institutional.
8 Growth Strategies for Your Firm in 2014
From Financial Planning
Added on February 2014 in Manage Your Practice
1 visitor like this article | Viewed 4534 times | 0 comment
Summary: As a leader, consultant, coach, and, most importantly, advisor, I dedicate a considerable portion of my time to envisioning, anticipating and planning for the future, especially at the beginning of the year. Yes, measuring success is about increasing revenue, gaining new assets, and achieving a work/life balance. But, it’s also about taking your past experiences and moving forward in a smarter way. Here are eight trends I saw among successful firms last year that advisors looking to grow should implement in 2014
A Third of Advisors Want to Retire in 10 Years
From Financial Advisor IQ
Added on February 2014 in Plan for the Future
1 visitor like this article | Viewed 4630 times | 0 comment
Summary: It’s well known that the U.S. financial-advisor population is graying, but one research firm’s take on how soon many of them may be calling it quits could come as a shock. According to Cerulli Associates, almost a third of them plan to be out of the game by 2024. On average, financial advisors in this country are around 50, according to other industry studies.
Cerulli: One-Third of Advisors to Leave the Business by 2024
From wealthmanagement.com
Added on February 2014 in Plan for the Future
1 visitor like this article | Viewed 4396 times | 0 comment
Summary: About 98,500 advisors, or 32 percent of the total advisor population, plan to retire or exit the business in the next 10 years, a new Cerulli Associates report found. The average advisor in this industry is in their mid-50s and ticking upwards, yet only 29 percent of advisors have a succession plan, according to Moss Adams.
