From ThinkAdvisor
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Summary: Courting millennial investors is a key challenge confronting the financial services sector. Industry professionals on Thursday discussed what these young investors want from their financial services firms during a panel discussion at SIFMA’s private wealth conference in New York.
From Financial Planning
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Summary: For advisors to the wealthiest families, a new report suggests that it's not what you do that matters -- it's how you do it. More specifically, it's the way that wealth management services are delivered to rich families -- as opposed to the service menu itself -- that has become the biggest differentiator for leading advisory firms, according to a new report from the Family Office Exchange. That smarter approach to client service is what will help firms stand out in an era of product commoditization, according to the report, The State of the Art in Family Wealth Management.
From InvestmentNews
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Summary: Revenue that advisers generated from client assets fell during each of the past two years, even though they increased their assets under management over that period, a new report shows.The average revenue advisers generated from assets declined to 0.68% last year, from 0.69% in 2012 and 0.72% in 2011, according to a PriceMetrix Inc. report released Monday that analyzes transaction and account data of 40,000 advisers.
From InvestmentNews
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Summary: For the first of a series of special reports on the Crossroads the financial advice business is facing, we posed one question to top industry leaders: What turning point do you see the overall financial advice industry facing at the current moment? Here is what they said.
From Think Advisor
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Summary: When it comes to why the mass affluent, high-net-worth and ultrahigh-net-worth clients would change advisors, it all comes down to not feeling the love. A Vanguard-Spectrem study asked 3,000 investors with net worth from $100,000 to $25 million to rank the main causes for switching financial advisors.
