Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
All Articles
Financial Advice In 2034
From Financial Advisor Magazine
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 3716 times | 0 comment
Summary: During the past 40 years or so, independent registered investment advisors have won a growing share of the hearts and dollars from an investing public increasingly yearning for holistic financial advice and not just stock picks. And as RIAs have taken a bigger slice of the business, traditional brokerages have responded to some extent by upping their game in the comprehensive financial advice department. But as the 21st century enters the midway point of its second decade, the profession seems to be at a transitional tipping point.
Buy your way toward higher assets under management
From InvestmentNews
Added on January 2014 in M&A Issues
1 visitor like this article | Viewed 4392 times | 0 comment
Summary: Yung advisers struggling to gain a critical mass of clients and bulk up their assets under management may want to find another firm to buy. Karsten Advisors, a Fort Worth, Texas-based firm with four financial advisers, all under the age of 40, has acquired nine advisory practices in the last 13 years to reach a total of $250 million in client AUM
Keep Wealth Transitions From Costing You Money
From Financial Advisor IQ
Added on January 2014 in Manage Your Practice
1 visitor like this article | Viewed 3848 times | 0 comment
Summary: You can lose a client at any time and, really, for pretty much any reason. But divorce, dementia and above all death are high on the list of unfortunate circumstances. More than half of widows (55%) ditch their husband’s advisor, and almost all (98%) of next-generation inheritors fire their parents’ advisor, says client-data reporter Blueleaf, citing a study from PwC. A measure of client attrition is inevitable. But advisors can prevent some losses by taking action before it’s too late, according to Trust Advisor.
43% of Advisors Older Than 55: Cerulli
From Think Advisor
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 3952 times | 0 comment
Summary: Nearly half of the advisor work force is at or near retirement, which means more firms must recruit younger advisors to accelerate their succession plans, and also puts BDs and custodians at risk of losing assets under management, according to a just-released study by Cerulli Associates.
7 business-building lessons advisers can learn from Amazon
From InvestmentNews
Added on January 2014 in Manage Your Practice
1 visitor like this article | Viewed 3957 times | 0 comment
Summary: Amazon went from nothing to $150 billion in market cap in just 20 years. What can you learn from its success and apply to your own firm? Brad Stone's new book, "The Everything Store" (Little, Brown & Co., 2013), chronicles the rise, fall and rise again of that behemoth of technology that is Amazon. Here are 7 lessons from “The Everything Store,” that you can use to build your company.
