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Summary: Robo-advisers and real advisers each have what the other wants. Robo-advisers, for all their bluster about empowering do-it-yourself investors with high-tech portfolio management wizardry, will ultimately morph to advice-giving firms with cool technology. Real advisers, the flesh and blood professionals who meet eye-to-eye with clients to give investment and non-investment advice, covet the slick interfaces and operational efficiency afforded by the robo-advisers.
Added on July 2014 in M&A Issues
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Summary: Mergers and sales of companies are accelerating at a significant pace, and it is not just at the mega-merger level. Small and mid-sized companies are being swallowed up by larger companies flush with cash and ready to take advantage of the growing economy. Prices paid for companies are up 30 percent over just three years ago and with prices so tempting, many family businesses and small companies are considering a sale.
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Summary: Registered investment advisors reported record growth and profitability, according to the 2014 RIA Benchmarking Study by Schwab Advisor Services.Profits were highest since the study's inception in 2006.
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Summary: In the second quarter, only 58 veteran adviser teams switched firms, according to InvestmentNews' Advisers on the Move database. That compares to around 97 teams who moved in the second quarter last year and 101 swaps in the first quarter of this year.
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Summary:It is a popular notion in the industry that only older advisors are and should be worried about succession planning. I beg to differ. Let me cite the example of a sole practitioner in Boston, MA I’ll call John Jones, who I recently spoke with after he submitted a Successions Readiness survey on our website.
