Added on September 2014 in M&A Issues
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Summary: A couple of years ago, the principals of two high-profile financial advisory firms, one from Virginia, one from Chicagoland, were looking across a desk at one another pondering a merger of their firms when they came to a moment that almost crashed the whole thing.
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Summary: Only 20% of America today is part of a "traditional" family like the one portrayed in the show "Leave it to Beaver." A new survey suggests there's a large potential market for advisers who can create a profitable business model to offer financial help to single-parent households, multigenerational households, same-sex households, boomerang families, blended families and everything in between.
Added on September 2014 in M&A Issues
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Summary: Finding the right "fit," is the single most important factor in successfully buying or selling a financial planning practice, says a consultant who works with planners looking for a deal.
Added on September 2014 in Join an RIA
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Summary: For young people interested in financial advising as a career, either for a brokerage or an investment advisory firm, enrolling in a college financial planning program has become a popular path. More colleges have started up these programs, often working with the Certified Financial Planner Board of Standards, Inc. to provide students with the education requirement for the group's financial planner certification.
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Summary: Over the course of a decade, a new practice goes from zero to $50 million in assets under management while another practice amasses twice that amount. In the next decade, the larger firm plateaus while the smaller one goes on to eclipse it in asset growth. Why the difference? And just how much should advisors expect to grow year on year?
