Knowledge and Insight
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SEC Chairman: Examining Smaller Advisors Important
From Financial Advisor Magazine
Added on April 2014 in Form an RIA
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Summary: Securities and Exchange Commission Chairman Mary Jo White said Tuesday she is telling her staff that examining small investment advisors is important.The SEC’s use of computer modeling to determine which advisors to examine might not bring up large numbers of smaller advisors because they are not as risky as larger operations.
Ric Edelman's Workday Strategies
From wealthmanagement.com
Added on April 2014 in Manage Your Practice
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Summary: The one part of your daily routine that is essential to having a productive workday? Good calendar management. I’m not referring to time management. By calendar management I mean having the next day fully mapped out, so the night before I can review the coming day and make sure I’m fully prepared for it: have I pre-read received materials, researched issues so I’m conversational, prepped for meetings I’ll be in, familiar with everyone I’ll be interacting with and resolved on the outcomes I’ll want obtained.
Career Options for Breakaway Brokers Grow
From Wall Street Journal Online
Added on April 2014 in Join an RIA
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Summary: Job options for the most successful wealth managers just keep growing.Around six years ago, a wave of small but high-profile firms emerged to target high-producing financial advisers, many of them seeking new alternatives to working at the major Wall Street brokerages such as Morgan Stanley, MS +0.13% Merrill Lynch and UBS. sing a variety of business models, these smaller firms, including HighTower Advisors, Dynasty Financial Partners and United Capital Financial Advisers, tapped into the so-called breakaway movement of brokers who wanted greater independence.
Financial adviser: Maybe not the sexiest job, but among the best paying
From InvestmentNews
Added on April 2014 in Join an RIA
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Summary: A job as a financial adviser may lack the cachet of a position with a white-shoe Wall Street investment bank, but when it comes to salary and flexibility, the industry can make a pretty good pitch.This is especially true for top brass. Partners at financial advisory firms can expect to make a median salary of $324,000 per year, according to InvestmentNews Data. Those in the lower ranks, however, may spend much of their 20s wishing they had picked a more lucrative profession.
Voices: Joe Birkofer, on Becoming a Financial Planner in Middle Age
From Wall Street Journal Online
Added on April 2014 in Join an RIA
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Summary: For 11 years, I've taught a class for Rice University's Certified Financial Planning program. I see teaching as an opportunity to keep my skills sharp and give back to the industry. As a financial planner, it's good to say that I'm teaching what I'm preaching. I normally encounter two kinds of students. The first are career enhancers--established advisers who are looking to add the CFP designation and return to their jobs. The second kind of student--the career changer--doesn't have it nearly as easy.
