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Summary: Wealthmanagement.com's annual compensation survey found that one in three advisors work on a team, sharing clients and revenues, compared to the 47 percent of advisors going it alone. About 20 percent say they fall somewhere in the middle, working in a siloed practice but with other advisors, sharing resources and overhead but not clients or revenues.
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Summary: There's a way to fix the financial advisory industry's reputation, as well as its connection to Gen Y clients and talent, said Mark Tibergien -- but it's going to take advisors' help to make it happen.
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Summary:Why are advisors embracing the fee-based practice approach?“The biggest benefit is relations to the client,” said Lewis Walker, president of Walker Capital Management Corp. at Pershing’s INSITE conference. “Clients can see we’re only going to get paid as long as they stay in the game and we keep them happy.”
Added on June 2014 in M&A Issues
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Summary: How much is your firm worth? For advisory firms considering a merger or acquisition, the answer to that question plays a large role in how advisers plan for the future of their businesses. One element that's often overlooked during M&A negotiations is how the technology you use in your firm affects its overall value.
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Summary: Many fee-only registered investment advisory firms are sitting pretty after strong growth in 2013, when rising markets perked performance across the board. But don't get too comfortable, industry experts warn.
