1 visitor like this article | Viewed 6558 times | 0 comment
Summary: Hiring young "Generation Y" financial planners has its challenges, as today's generation of new financial planners have some fundamentally different views regarding work/life balance and work expectations that will shape how they navigate their careers. Gen Y planner and NAPFA Genesis founder Dave Grant shares some of his experiences with the difficulties of dealing with Gen Y entitlement issues, reflecting on some of his recent challenges with his own entitlement demons that crop up from time to time.
Added on December 2013 in Join an RIA
1 visitor like this article | Viewed 5841 times | 0 comment
Summary: Bill Schwartz, an independent adviser who broke away from Merrill Lynch, has considered the pros and cons that a wirehouse adviser must weigh when deciding whether to make the transition to an RIA. He’s pinpointed the key questions advisers should have answers to as they decide whether or not to break away. Here are the 10 biggest questions to address before turning independent.
1 visitor like this article | Viewed 5856 times | 0 comment
Summary: An increasing number of growing advisory firms reaching from outside the business to bring in professional managers -- as they should be doing, say industry experts. So what should firms seeking to bring in outside professional managers be looking for, asking and offering?
Added on December 2013 in Join an RIA
1 visitor like this article | Viewed 5992 times | 0 comment
Summary: “RIAs are the sole growth story in a shrinking industry” of advisors, said Bing Waldert, a Cerulli Associates director commenting on the findings in its Cerulli Edge-U.S. Asset Management Edition report released today. Specifically, the report says the number of advisors in the RIA channel grew at an annualized rate of 8% over the years 2004-2012, while other advisor industry channels declined by 1.2% to 2.5%.
Added on December 2013 in Join an RIA
1 visitor like this article | Viewed 5701 times | 0 comment
Summary: In undertaking the disruptive process of leaving a full-service national brokerage — one of the four so-called wirehouses — for independence in the RIA channel, few breakaway brokers jump ship to escape their branch managers. Industry watchers and ex-wirehouse advisors say that changes in the role of the branch manager, especially as it has evolved over the past decade, have helped to fray the bonds between restive brokers and the companies they work for.
