From Financial Planning
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Summary: Neuroscientists will tell you that the best time to absorb important information is when you're relaxed. Our summer reading list may be work-related, but reading these gems away from the office makes all the difference. We've talked with advisors to compile a list of the top books you should be sure to read this summer. The return on your investment will be intangible, but substantial - enjoy your vacation!
From Think Advisor
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Summary: Judging by the amount of coverage succession planning has been getting in the trade press in the past couple of years, it is one of the most pressing problems facing the independent advisory industry today. It's certainly an issue for tens of thousands of baby-boom age owner-advisors who are quickly approaching retirement age—and for the younger advisors in their firms who are hoping to take control and bring those firms into the 21st century.
From Financial Advisor IQ
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Summary: Top financial advisors overwhelmingly prefer to work in teams. Of the recently published FT 300 ranking of elite RIAs, 89% are in teams. And among FT 400 advisors — those employed by a large broker-dealer — nearly 86% belong to a team.
From SEI Advisor Network
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Summary: My job gets me out of the office on a regular basis, visiting strategic partners and attending conferences. One of the things I love is meeting the people in our industry. Advisors on the whole are entrepreneurs and as such, have to have big personalities and the drive to survive. Therefore, those who service and advise them have to be the same. In today’s blog post, I have a discussion with a man who clearly fits this description: Michael Kitces.
From wealthmanagement.com
Added on July 2014 in M&A Issues
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Summary: Boston Private Bank, a subsidiary of Boston Private Financial Holdings, on Wednesday acquired Florida-based Banyan Partners in a $60 million cash and stock deal.Wednesday’s deal adds more than $25 million of annual fee-based revenue and the combined operation will have approximately $9 billion in client assets under management and advisement, making it one of the largest wealth management companies in the U.S., according to Clayton G. Deutsch, CEO and President of BPFH.
