Thought Leadership
Become aware of the recent trends. Position your practice to take advantage of the knowledge ahead of the curve.
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Can Advisors Actually Measure Success?
From Financial Planning
Added on November 2013 in Thought Leadership
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Summary: Practice management experts frequently seem to be urging you to create a scalable enterprise, acquire professional management and develop clear metrics that will help you make better operational decisions. It appears that the profession is going through a phase where thousands of practices are taking this advice to heart, becoming businesses either through mergers of equals, acquisitions of firms of retiring advisors, or hiring key employees and turning them into partners.
Want to keep the inheritance in-house? Try a different approach
From ImvestmentNews
Added on November 2013 in Thought Leadership
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Summary: Financial advisers who want to keep managing the wealth their clients' children will inherit should be approaching those kids very differently than the way they appeal to their parents, a generational expert told advisers.Generation X, 34 to 48, and Millennials, also called Gen Y, who are 13 to 33, want an adviser who will teach them but not "tell them" what to do.
Taking control of your future: scale, value and certainty
From aRIA, the alliance for RIAs
Added on October 2013 in Thought Leadership
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Summary: Most advisors think about their future in terms of growing their business, working with clients to achieve great outcomes, developing employees and achieving work/life balance. aRIA had its second meeting in October 2012 and came up with a shared point of view of what each member is striving for in their business.
Advisor Headcount to Shrink Through 2017, Cerulli Predicts
From Financial Planning
Added on October 2013 in Thought Leadership
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Summary: The advisory industry will shed more than 25,000 financial planners over the next four years, down to just more than 280,000, according to research firm Cerulli Associates. It's bad news for the advisory industry overall, but there is some good news for RIAs.
aRIA (The Alliance for RIAs) Releases Second Whitepaper for Advisors; Challenges Independent Advisors on Business Management
From aRIA
Added on October 2013 in Thought Leadership
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Summary: Too few advisors have a coherent business plan and many choose to ignore key structural issues. Independents are guilty of some of the same questionable practices of which they accuse wirehouse reps. Advisors who believe they are well-positioned to sell their businesses at the end of their careers for a decent price are, for the most part, mistaken. The objective is to help avoid “catastrophic outcome” for advisors ignoring warning signs
