Added on April 2016 in Form an RIA
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Summary: Although not completely obvious, there are many similarities between the sport of mixed martial arts (MMA) and the move to independence by financial advisors.
Added on April 2016 in M&A Issues
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Summary: The DOL fiduciary rule, already expected to spur consolidation in the broker-deal industry, could also hasten mergers in the registered investment adviser space.
Added on April 2016 in Form an RIA
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Summary: Robo-advisor platforms may well be attractive to advisors seeking new ways to cut costs, streamline their asset allocation models or engage with younger clients. But some industry lawyers warn of a burgeoning tide of liability for advisors who incorrectly use these dispassionate tools.
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Summary: It takes a savvy advisor with a working knowledge of generational differences to navigate in today’s environment. Many advisors risk alienating potential and existing clients with a semantic slip, a word that resonates wrong, advice to someone younger that should have been reserved for someone older.
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Summary: In the early years of financial planning, the reality was that most advisors only needed one skill to be “successful”: the ability to sell, and get clients. After all, when advisors are solely compensated by commissions, if you can’t keep finding new prospective clients to sell to – and actually sell something to them – your income will quickly go to zero.
