1 visitor like this article | Viewed 3115 times | 0 comment
Summary: A survey by Fidelity Institutional Wealth Services goes some distance in providing the answers regarding next generation of millionaires and what the opportunities are for advisors who structure their offerings to attract them.
1 visitor like this article | Viewed 3223 times | 0 comment
Summary: “2013 AdvisorBenchmarking All-Channel Study,” was released last month by WealthManagement.com. The study polled some 2,400 financial advisors “across all channels,” identifying trends among “top performing advisors” (based on growth in AUM and profitability), and more importantly, differences between various advisor channels. Even with only a few data points, those “differences” reveal why the ranks of RIAs are growing, while most other advisor groups are shrinking.
1 visitor like this article | Viewed 3557 times | 0 comment
Summary: When it comes to their own retirement, growing numbers of advisers seem to be looking within their firms for an exit strategy. Across the country, consulting firms that specialize in brokering, structuring and providing legal advice on deals involving registered investment advisers are seeing more and more firms broadening ownership or facilitating sales to junior partners, according to several consultants who specialize in the space.
Added on January 2014 in Form an RIA
1 visitor like this article | Viewed 4201 times | 0 comment
Summary: The first year of an advisors' relationship with a client is the easy part. It's the second, third and fourth years that are much more critical to achieve long-term retention, a new study finds. Other tips from the report: Advisors should also try to work with larger (and older) clients, price their fees wisely; seek out hybrid accounts and try to have more than one account in a household.
0 visitor like this article | Viewed 3758 times | 0 comment
Summary: Advisors who specialize in college-planning issues for affluent clients get a fair share of their business from general-practice advisors who are happy to admit they know only enough about it to be dangerous.
