From Financial Advisor IQ
Added on August 2014 in Form an RIA
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Summary: In Bob Veres’ latest column in Financial Planning, he says any move to force brokerage representatives to adopt the strict client-first standard of RIA advisors risks getting crushed or watered down by brokerage-backed lobbyists.
From Wall Street Journal Online
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Summary: Advisers work hard to get their clients and professional contacts to recommend their services to others. They sometimes don't focus enough on another key source of referrals: their staff. Not just junior advisers but administrative assistants and operational staff all can play an important role in identifying and developing new leads. To get them really involved, "firms should create a referral culture," says Jylanne Dunne, senior vice president of practice management at Fidelity Investments in Boston.
From Financial Advisor IQ
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Summary: Hiring millennials can pump new life into an aging advisory workforce. Keeping them around and making sure they’ll succeed is another matter, says The Wall Street Journal.
From Think Advisor
Added on August 2014 in Form an RIA
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Summary: Financial services firms give lip service to the importance of compliance, but the majority fails to devote adequate resources to the function, according to a new survey by Cipperman Compliance Services.The survey found that the compliance function in these firms tended to be underfunded and understaffed.
From On Wall Street
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Summary: Presentations have become increasingly important marketing tools for top advisors — but they still strike fear into the hearts of many. At my firm, CEG Worldwide, we have been using both in-person and Web-based presentations successfully for years to reach out to our ideal prospective clients, and we now coach elite advisors on how to use them as well.
