Added on January 2016 in M&A Issues
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Summary: Even if advisors nearing or at traditional retirement age have formulated succession plans, it's often impossible for younger advisors to think of buying their practices because they lack the funds.
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Summary: Financial advisers are targeting growth in 2016, with many seeking to boost assets and clients in the new year by using a variety of strategies, including better tech, hiring the right talent and improving marketing. Other planners aim to rev-up client service during a year with lots of expected market volatility. And then there’s the adviser who aspires to fire his worst clients! Do your resolutions for the year ahead match any of these advisers’ top goals?
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Summary: 2016 will be an especially interesting year because of the pending fiduciary decision and the November presidential election. About 62% of advisers said the DOL fiduciary standard will be their top concerns next year, according to the InvestmentNews 2016 Outlook survey. Even so, most advisers are quite optimistic about the coming year.
Added on January 2016 in Form an RIA
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Summary: It’s not easy being one of the largest RIAs in the country, even with RIA AUM growth outpacing that of wirehouses. Finding the right talent in a small pool of the most qualified advisors is tough — especially when you can’t dangle a name brand like Credit Suisse or J.P. Morgan before them.
Added on January 2016 in Form an RIA
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Summary: Before becoming managing partners of Atlanta-based Compass Wealth Management, Robert Amato and Beau Davis knew that no matter how high they climbed in the broker-dealer model, they’d still be working for someone else. They chose another path. They chose to build something all their own by forming an RIA.
