Added on October 2013 in Join an RIA
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Summary: Mark Tibergien has long warned about the looming talent shortage in the advisor industry. Pershing, where Tibergien released a report that quantifies the shortage and explores how successful advisors are bypassing the shortage by taking significant human capital steps now. How the advisor demographic challenge can be solved to everyone’s benefit—including clients
Added on October 2013 in Join an RIA
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Summary: Nary has a day gone by without an article about the burgeoning breakaway trend. And the data support it whether you look at the shift in assets under management or the headcount of advisors themselves. With that said, I have personally been surprised by the number of wirehouse advisors that concede they know very little about the world of independence. In fact, a survey of breakaway brokers conducted by Fidelity last year concluded that the #1 obstacle to independence was a lack of understanding about how to do it.
Added on October 2013 in Join an RIA
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Summary: InvestmentNews will be following six recent graduates as they join the financial planning business. In several updates throughout the year, there will be updates on what they will be doing at their jobs, what their expectations are, and if they will be able to develop the types of skills they will need for the future.
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Summary: Wirehouse financial advisors will relate to these 9 common fears when considering breaking away to the independent channel.
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Summary: Attorney Patrick Burns warns advisors to adhere to the Protocol for Broker Recruiting. He provides 7 steps to follow and tells the cautionary tale of a couple of Merrill brokers who were served with a temporary restraining order. They were caught on video taking files from their office the weekend before their departure.
