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Summary: Mr. Hill wanted to know how this potential purchase fit in with their larger financial plan, so he met the couple at their home. He began the meeting by explaining that he typically takes an inventory of all of his clients' assets and liabilities to get a better sense of their whole financial picture--even if they're just inquiring about insurance.
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Summary: Running up against the limits of a recruitment strategy based on swiping advisor talent from their competitors, leading wealth management firms are trying a new ploy: Growing their own. With so many regionals, wirehouses and independents intent on poaching top talent in recent years, there has been little to no emphasis on cultivating a new generation of advisors.
Added on March 2014 in Form an RIA
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Summary: Why should an ad-viser spend time preparing for a regulatory exam? Only about 60% of SEC-registered investment advisory firms have undergone a compliance examination. Congress blusters about holding the Securities and Exchange Commission accountable to do more but simultaneously denies funding necessary to make that practical.
Added on February 2014 in Join an RIA
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Summary: dvisers can help the financial services industry boost its historically poor ethnic diversity even without making those hires themselves.Minority financial planning students need help polishing their communications skills, according to Luke Dean, director of William Paterson University's financial planning program. About 51% of the Wayne, N.J., school's students are minorities.
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Summary: The biggest reason why most wealth management firms have no viable succession plan is because of what it means personally for their owners. It’s a passage that marks the end of one phase of life and forces owners to recognize their own mortality. And who even wants to contemplate that?
