From Financial Planning
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Summary: There is one overwhelming consensus that keeps financial advisors from declaring their independence: breaking away is difficult and puts that business at risk. However, this isn’t always true. The move to independence can often be executed seamlessly, and result in a new firm that is positioned for greater success and faster growth.
From Think Advisor
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Summary: WalletHub has analyzed the 150 largest American cities to determine which areas provided the most opportunity for career starters. The site rated each city based on a total of 18 metrics in two categories: quality of life and professional opportunities.
From Financial Planning
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Summary: Advisors are happiest when their firm's corporate strategy and compensation are easy to understand and clearly communicated, according to a J.D. Power & Associates study, which ranks firms according to advisor satisfaction.
From InvestmentNews
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Summary: The generation of entrepreneurs who hung out their shingles as fee-based financial advisors in the 1980s and '90s had a wide-open market opportunity. The simple idea of charging a fee and not being paid based on the actions or products you recommend was a novel concept in the retail investment market, and it has paid off in spades. We asked leaders of some of the top fee-based wealth management firms in the country for advice to would-be entrepreneurs in the advisory industry. Their five suggestions follow.
From Think Advisor
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Summary: In the advisory business, a couple of events typically cause a rush of exhilaration: landing a big new client and hiring a great new talent. While the loss of a client can create the opposite emotion—dejection—the loss of a key colleague has a way of bursting one's balloon completely, especially when that individual played an important role in your succession plan.
