Added on October 2014 in M&A Issues
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Summary: It’s a seller’s market when it comes to the merger and acquisition activity around advisory practices. For every 10-15 deals an advisor looks at, one may turn serious, Paul Lally, president of Gladstone Associates, told attendees of FSI Advisor Summit on Monday.
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Summary: Nearly 90 percent said robo-advising is a trend destined to grow, with about half of the advisors indicating this online method of managing personal investments attracts young investors. Human advisors, respondents said, will have to find a way to compete for this clientele’s business.
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Summary: Clients expect their financial advisors to be experts in everything investment-related. But advisors also are expected to deliver high-quality service while they focus on business development.
Added on October 2014 in M&A Issues
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Summary: Succession-driven deal volume among advisory firms will have to pick up, but right now there’s a puzzling lack of activity, said Echelon Partners founder Dan Seivert at the firm’s Deals and Deal Makers Summit in Santa Monica, Calif. on Thursday.
Added on September 2014 in Join an RIA
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Summary: A Schwab Advisor Services RIA talent study examined the characteristics of the profession and the paths the advisors had taken. The 571 advisors surveyed shared four different views on the RIA industry: becoming an RIA, being an RIA, career management and recruiting.
