From On Wall Street
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Summary: I have found that when financial advisors retire, they usually want to make sure they take care of their clients, as well as get paid for their practice, which they spent decades building and nurturing. However, doing both of these things can be a tricky proposition, and will likely play out to be the biggest challenge facing the industry over the next 10 years.
From Wall Street Journal
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Summary: All financial advisers want direct, deeply personal relationships with wealthy families. As the chief investment officer for one Midwest-based family office told me, "The only way to provide valuable advice is to truly understand them."
From CNBC
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Summary: Many small-business owners know all too well what it is like to take risks, work long hours and juggle multiple priorities. But even many of the most successful of them drag their feet when it comes to succession planning, if they bother to do it at all.
From InvestmentNews
Added on September 2014 in M&A Issues
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Summary: Given the oft-cited graying of the RIA industry, many advisers seek to monetize their businesses and provide continuity for their partners and clients alike. Acquisition negotiations raise numerous difficult issues, but a threshold hurdle is how much a prospective acquirer believes an RIA is worth versus the owner's perception of its market value.
From InvestmentNews
Added on September 2014 in Form an RIA
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Summary: As regulatory reporting demands increase, software providers are coming up with new products to help broker-dealers and advisory firms comply.
