From CNBC
1 visitor like this article | Viewed 3564 times | 0 comment
Summary: One of the more enduring outcomes of the financial crisis has been the migration of advisors and assets from the investment sales model of the Wall Street wirehouses to the fiduciary model of fee-only RIAs. A small but growing model, these financial professionals believe if an advisor offers product options to clients, even where appropriate, that advisor may be conflicted, regardless of disclosures
From Financial Planning
Added on June 2015 in M&A Issues
0 visitor like this article | Viewed 3335 times | 0 comment
Summary: Valuing an RIA reminds me of the classic western The Good, The Bad and The Ugly. You may recall the story of three distinct characters racing to dig up gold buried in a graveyard. Each of the characters is a succinct manifestation of the different ways to value an advisory firm.
From WealthManagement.com
1 visitor like this article | Viewed 2697 times | 0 comment
Summary: Financial technology is booming.CB Insights reported that global investment in fintech companies grew from $4 billion in 2013 to $12 billion in 2014. The majority of that money is coming from traditional banks and insurance companies, but the two biggest fintech spenders are actually the investment arms of Google and Intel.
From InvestmentNews
1 visitor like this article | Viewed 3257 times | 0 comment
Summary: As she nears 100, Irene Bergman has some advice for enjoying a long career on Wall Street: Don't do anything stupid.
From On Wall Street
1 visitor like this article | Viewed 3246 times | 0 comment
Summary: There are many reasons why financial advisors leave big firms such as Merrill Lynch or Wells Fargo and go independent. Two veteran industry recruiters – Howard Diamond, managing director and general counsel of Diamond Consultants of Chester, N.J., and Mark Elzweig, president of Mark Elzweig Co. of New York – discussed some of the top reasons advisors venture forth on their own.
