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Summary: Some 58 percent of Americans believe their financial-planning efforts need improvement, but 34 percent of us have done nothing to plan for our financial futures, according to a newly released study by Northwestern Mutual.
Added on April 2015 in M&A Issues
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Summary: As the leading independent lender to financial advisors, we have seen our fair share of deals. Some go right—and others go very, very wrong. From surprise last-minute changes to bumps within the seller transition, there really is no guarantee when it comes to selling or buying a book of business.
Added on April 2015 in Form an RIA
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Summary: As I painfully make my way through the long document that comprises the Department of Labor’s much anticipated (or dreaded) proposed rule changes for brokers that work with clients who have IRAs, the sentence that keeps running through my mind is: “We’ve been had.”
Added on April 2015 in Form an RIA
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Summary: When HighTower recently landed the head of a team overseeing $500 million in client assets at Oppenheimer, the move illustrated a nagging problem when groups split: Who gets the clients after a divorce?
Added on April 2015 in M&A Issues
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Summary: After essentially sitting on the sidelines during 2014, private equity firms and banks were again buying up RIA firms in the first quarter of 2015, executing 19 percent of the record-breaking 34 transactions recorded by DeVoe & Company. Private equity firms alone accounted for 13 percent of first quarter deals.
