Added on March 2014 in Join an RIA
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Summary: For an adviser to make a transition to a new firm takes considerable work. Not surprisingly, most of that work has to be done well in advance of the transition, beginning with an open dialogue with the recruiting firm about their expectations and the resources that are going to be available to you. Before either of you make any sort of commitment, you want to make sure that you know exactly what you're entering into together.
Added on March 2014 in Join an RIA
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Summary: RIA and dually registered advisory channels will grow their share of the advised assets to 26 percent by 2016, up from 21 percent today, according to a new report by Cerulli Associates. That growth will largely come at the expense of the wirehouse channel, said Cerulli associate director Kenton Shirk.
Added on March 2014 in Join an RIA
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Summary: Looking to attract and retain top advisors this year? Expect senior-level executives to demand equity and career growth, says Kathy Freeman.“When we started the survey five years ago, executives were more focused on the health of the company,” says Freeman, president and CEO of her eponymous executive search firm. “Now it’s all about their own careers.”
Added on March 2014 in Join an RIA
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Summary: Advisors who continue to work with clients the same way they always have are not going to be as successful in the future. If advisors want to win more next-generation (NextGen) clients, they need to adopt the technology that is shaping how society demands communications and services.
Added on March 2014 in Join an RIA
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Summary: Losing clients and leaving money on the table are risks that more young advisors are willing to take, especially with social media as a viable workaround to the non-solicitation straitjacket. When Justin Richter left a bank last year to join a different one in the same city, he went through the process of gradually moving his clients over and building up a new book of business.
