From wealthmanagement.com
Added on January 2014 in Form an RIA
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Summary: The top U.S. securities regulator says its examiners will finally get around to knocking on doors at some of the thousands of investment advisers it has never met, including some waiting for more than a decade for the agency to come calling.
From InvestmentNews
Added on January 2014 in M&A Issues
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Summary: turns out advisory partnerships aren't that different from marriages, and with both, breaking up is no easy task. Professionals who help pairs of advisers decide whether to separate say the aftereffects deserve serious consideration, particularly because clients also will feel the heat
From Financial Planning
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Summary: The study from Fidelity's Insights on Advice series shows that 77% of those averaging $800,000 in total assets and an average household income of $150,000 do not have a written financial plan with 70% reporting they are "not very knowledgeable" about investing. Even so, only 51% said they work with financial advisors and 39% are "choosing to go it alone" with investing. Of those not working with a financial planner, 46% indicated they felt advisors "aren't interested in investors with smaller assets" and 53% were turned off by advisor fees.
From Financial Advisor IQ
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Summary: As the Great Recession pummeled the U.S. economy, one slice of it has kept growing: small, privately owned companies. In fact, small businesses are creating more new jobs than large corporations, and their failure rate has actually declined. That has led some financial advisors to differentiate themselves in a competitive market by helping entrepreneurs with succession planning. While experts say laying out exit strategies for entrepreneurs isn’t always hugely profitable on its own, it often leads to more financial-planning opportunities.
From Financial Advisor IQ
Added on January 2014 in M&A Issues
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Summary: When it comes time to sell your financial-advice business, it may help to know that your experience in assessing prospective clients gives you at least one skill that’s vital for making smart deals: a nose for a good fit.
