Knowledge and Insight

Advisory firms looking to hire, but are the candidates any good?

Added on May 2011 in Join an RIA

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Summary: A brief discussion of the pros and cons of joining or forming an RIA. The article quotes Caleb Brown, managing partner of New Planner Recruiting, which could be a good source for new planners. Both the firms and the planners express frustration with finding the right fit. The good news is that both RIAs and broker-dealers plan to hire this year, and some plan to make substantial additions.

Practice Made Perfect - The Discipline of Business Management for Financial Advisers

Added on July 2011 in Book Reviews

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Why so few breakaways? Too much regulation, says Pershing exec

Added on June 2011 in Join an RIA

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Summary: Oppressive regulation is having an impact on the number of breakaway advisers, according to Mark Tibergien, president of Pershing Advisor Solutions LLC. The challenges are causing advisory firms to consider merging with similar firms to ease compliance and operational burdens, he added. "Exams are focused on a process and the people coming in to do exams are not knowledgeable and informed." Tibergien said.