1 visitor like this article | Viewed 3436 times | 0 comment
Summary: Junior” advisors are critical for the success of a firm, but their roles and responsibilities in an advisory firm are often misunderstood and frequently mismanaged. To begin with, “junior” advisors hate being called “junior.” They are often neither young nor inexperienced, and while they are not yet at the top of their professions, they can make an immediate contribution to the productivity and profitability of any firm.
1 visitor like this article | Viewed 3307 times | 0 comment
Summary: Many of the advisors we work with at my consulting firm come to us out of frustration that they have built the wrong organizational structure to support their firm. This often becomes a conversation about whether this is the right time to hire a professional manager to help run their business operations, freeing the advisor to spend more time with clients and to develop new client relationships.
1 visitor like this article | Viewed 3311 times | 0 comment
Summary: The pace of retiring advisors continues to accelerate, with almost 70,000 advisors with more than $2 trillion in assets under management retiring over the next decade, according to a new report from State Street Global Advisors.
1 visitor like this article | Viewed 3287 times | 0 comment
Summary: The growth of automated investment advice platforms — also known as robo-advisors — is a top theme of just about every conference in the advisory industry these days. What's more, pundits are debating whether it's the next big thing in investing.
1 visitor like this article | Viewed 3452 times | 0 comment
Summary: While there is indeed a large generational wealth transfer in the works, that alone shouldn't be the only reason advisors want to work with Gen X and millennial clients.
