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Summary: In the next 10 years nearly 70,000 advisors will retire, yet a 2015 State Street Global Advisors report contends that two-thirds of advisors who own their own firms have no succession plan in place
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Summary: Both broker-dealer reps and RIAs believe the Department of Labor’s pending fiduciary rule will have a negative impact on their businesses, according to a survey by Fidelity Institutional.
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Summary: Adviser Neil Hokanson spent several years considering different succession strategies for his $570 million advisory firm, which he had nurtured for 25 years. He wanted a deal that was reasonable for Hokanson Associates' five shareholders and offered his 12 employees career opportunities. But his 270 clients were really at the top of his mind.
Added on March 2016 in Join an RIA
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Summary: The ranks of breakaway brokers moving to the registered investment advisor channel may very well increase over the next year or so, according to Scott Collins, director of broker independence at TD Ameritrade Institutional.
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Summary: Every March I host the Independent Advisor’s Implement Now Practice Management Virtual Summit. I interview about two dozen industry thought leaders to crystalize the key how-to advice they have to offer to propel advisers to their next level of success. This year’s content reveals four practice management themes that entrepreneurial advisers must pay attention to if they want to achieve their full potential.
