Added on March 2017 in Join an RIA
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Summary: As the principal of a $300mm practice with one of the largest independent broker dealers (IBDs) in the country, “Alan” was feeling that his business had reached a plateau. Oddly enough, this isn’t the first time he’s felt this way. Some 16 years ago, Alan made his initial move to independence by joining a small regional independent broker dealer. After 12 years, he had grown to be the biggest practice there, yet felt constricted by outdated technology, limited platform and a lack of community. Ultimately, he felt as though he had outgrown the broker dealer.
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Summary: This was before my time, but they tell me that cold calling was once a very effective marketing strategy — until, of course, it wasn’t. I remember when advisory firms routinely attracted dozens and sometimes hundreds of prospects to cheesy prepackaged seminars, until attendance gradually began to slip away.
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Summary: The latest research from InvestmentNews finds that offering a robo-advice platform may not be right for all advisory firms, but all firms can learn how to harness technology to offer innovative service.
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Summary: In my first year as an adviser, I looked past social media and the internet to tear through the networking circuit with reckless abandon. Night in and night out, I would attend networking functions, typically sponsored by a local chamber of commerce. Attendees would show up to mix and mingle, with the main goal of handing out and collecting as many business cards as possible.
Added on March 2017 in Form an RIA
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Summary: An ex-Merrill Lynch adviser opened a new RIA under Dynasty Financial Partners in the fifth new firm launched through Dynasty’s outsourcing platform this year.Avestar Capital will focus, in part, on cross-border wealth planning, particularly clients with inheritances or investments in both the U.S. and India.
