Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
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How Intelligent Automation Drives Growth in Financial Services
From Wealth Management
Added on November 2024 in Manage Your Practice
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Summary: The financial services industry has always been fueled by data, but in an era of economic uncertainty, the pressing question is whether firms are using that data to its fullest potential to drive growth. As market fluctuations and unpredictable economic conditions become the norm, financial institutions must look beyond traditional methods to maintain a competitive edge. Intelligent automation and artificial intelligence are stepping up to drive operational resilience, enabling financial firms to anticipate market shifts, safeguard assets and streamline operations.
Before M&A, consider 'process and culture'
From InvestmentNews
Added on November 2024 in M&A Issues
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Summary: Next Tuesday, industry leaders and RIAs will gather under one roof in southern California to explore scalable growth strategies and some of the latest trends in wealth management, including how to better manage a practice.
How To Sell Your RIA To Grow Your RIA
From FA Magazine
Added on October 2024 in M&A Issues
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Summary: M&A activity among RIAs is solid and likely to continue. Demographics play a role, as many advisors are getting older and looking for a profitable exit. Private equity sees a way to upsell an industry by aggregating RIAs and selling them for a more significant multiple. For various reasons, there is a window for you to get a substantial return on your RIA. But it is just that, a window. The complication is that many advisors who want to grow their practices and are considering selling to facilitate accomplishing this goal will be very disappointed with the outcomes.
RIA M&A market remains red hot, says Dynasty Financial CEO
From InvestmentNews
Added on October 2024 in M&A Issues
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Summary: Dynasty Financial Partners CEO Shirl Penney explains why now is a good time to sell a wealth management practice.
How to Protect Kids' Identities from Being Stolen
From Wealth Management
Added on September 2024 in Form an RIA
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Summary: As you likely realize, fraudsters and scammers LOVE to steal identities. If you’re like me, you know more than one person whose identity, Social Security number, or personal information has been stolen and used illegally. Wise adults take precautions. We protect our credit card numbers, freeze our credit bureau accounts, never follow an email link without verifying it independently first, never give out our Social Security number unless we know for certain that it’s legitimate to do so, etc.
