Added on January 2019 in Join an RIA
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Summary: There were 147 breakaway broker moves in the fourth quarter of 2018, which marked a 35% spike above the historical breakaway average, according to Echelon Partners. Following are 10 moves that helped tip the scales, listed under the name of the firm the team is joining.
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Summary: Looking ahead, RIAs expect the growth trend to continue. Advisors are approaching 2019 with their usual pragmatic optimism, keeping the daily market drama in perspective. They say that U.S. interest rates, corporate earnings and international trade issues are what matter most to client portfolios.
Added on January 2019 in M&A Issues
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Summary: According to Echelon Partners, the merger and acquisitions consulting firm, the average RIA tripled its revenues between 2010 and 2017. Although this growth is strong, firms are facing intensified pressure to achieve even greater scale with long-term endurance. The result? Many are turning toward mergers or acquisition strategies to reach those goals.
Added on January 2019 in M&A Issues
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Summary: The financial market volatility that picked up in earnest last year was not enough to derail the pace of consolidation among registered investment advisers.
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Summary: In explaining the conflicting findings of a recent survey of advisors and investors who have—and don’t have—advisors, John Diehl of Hartford Funds didn’t hesitate to address the elephant in the room: Are we in the early stages of a significant market pullback? Should advisors merely send palliative messages to clients on how markets can go up or down, if they communicate at all with their clients?
