Added on September 2015 in Form an RIA
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Summary: Independent financial-advice firms have seen tremendous growth recently — but it appears to be due to bigger advisor headcount at existing firms rather than from new-firm creation, writes InvestmentNews. On-staff FAs now outnumber advisor-owners, but earn only slightly more than two years ago, according to the newspaper.
Added on September 2015 in Form an RIA
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Summary: Growth has changed the nature of the independent advisory firm. Adviser ownership used to define independence; however, today there are more employee advisers in independent firms than owner-advisers. This change amplifies the importance of career tracks and growing talent. It also poses difficult questions to the culture of the firm and its competitive positioning. With the influx of employee advisers, what does “independent” mean?
Added on August 2015 in Form an RIA
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Summary: Two years ago, when Ajay Gupta left UBS to start his own independent wealth management firm in San Diego, he wasn’t sure if anyone was coming with him. But it wasn’t the first time Gupta took a risk in stepping out on his own: Fifteen years ago, he abandoned his advisory practice in Canada to start anew in San Diego. Today, he is CEO and CIO of Gupta Wealth Management, an RIA that recently surpassed $1 billion in assets under management.
Added on August 2015 in Form an RIA
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Summary: While becoming a Registered Investment Advisor (RIA) is an excellent way to deliver a differentiated experience to your clients, and potentially accelerate the growth of your business—building assets in your own firm and creating enterprise value from day one, it is also a big step.
Added on August 2015 in Form an RIA
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Summary: As larger teams move into the registered investment adviser channel, the major custodians are getting more creative and adding some sweeteners to entice big breakaway outfits.
