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Summary: Holistic planning, fee-based advice and retirement income strategies. All these are to the financial advice business what fire and the wheel were to ancient civilizations — innovations. Such advances aren't just new ideas or inventions. Innovations are original breakthroughs that cause upheaval and change, and create something of value.
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Summary: Succession planning is a hot topic in the independent advisory world these days, and many older owner-advisors are thinking about, or working on, succession plans. While there’s been a lot written on creating workable succession plans, and some written about preparing junior advisors to become firm owners, we’ve seen very little about preparing firm owners to work with new owners.
Added on December 2014 in Join an RIA
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Summarry: Ortiz trained at the Culinary Institute of America and was a professional chef for a time. He now heads an advisory firm called The Financial Chef, which he operates out of a restaurant he owns in Coral Gables, Fla. He meets clients there over meals he cooks himself; a typical day includes breakfast, a late breakfast, two lunches, a late afternoon sushi snack and a dinner.
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Summary: If you can count yourself among the minority of advisers — about 40% — who are within five years of retirement age and have created a succession plan, you're all good, right? Maybe?
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Summary: Findings from the 2014 Fidelity RIA Benchmarking Study, released Wednesday, showed that many firms recognized the need to improve their marketing and business development capabilities.
