Added on February 2012 in Join an RIA
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Summary: Kent Smetters, a Wharton Professor, has created a platform for advisors to be able to scale their practice while serving the underserved Middle America. Veritat is a platform that does the client scheduling, collection of client information, creation of the personalized plans and the portfolio management. The advisor must approve and can slightly alter before it is presented to the client.
Added on February 2012 in Join an RIA
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Summary: Three out of four wirehouse advisors would take action if a recruiter called them about the prospect of joining an RIA, according to a study released today by The Charles Schwab Corp. Of those surveyed, 67% of wirehouse advisors worry about job security and report that added responsibilities make it hard to meet clients’ needs. Moreover, 51% said they find the idea of becoming an RIA appealing. “
Added on October 2011 in Join an RIA
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Summary: TD Ameritrade attracted a record 348 breakaway brokers in 2011, up nearly 20 percent from the previous fiscal year.
Added on February 2012 in Join an RIA
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Summary: “Fidelity Insights on Independence Study” is a survey Fidelity conducted on breakaway brokers in collaboration with Cogent Research. The findings confirm the antidotal evidence; 94% reported that that they are happy with their decision, more than 75% are better off financially and 86% said that all or most of their clients moved with them.
Added on April 2011 in Join an RIA
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Summary: The Broker and Advisor Sentiment Index Survey by Fidelity reports that more brokers and financial advisors are looking to make more money and have more control over the type of clients they serve and the investments they recommend and they continued to flood the independent channel at a swift pace in 2010. Culture and community fit are important to them. Brokers and Advisors on average brought over 70% of their client assets when they did make a change.
