From IRIS
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Summary: Many so-called experts are giving their 2016 predictions. Brace yourself for volatility – be prepared for a downturn – and so on – all focused on the short-term. However two financial gurus, Larry Fink and Warren Buffett, are long-term thinkers (read the interview with BlackRock CEO Larry Fink in HBR November 2015). Fink is “on a crusade against short-term thinking” which he refers to as short-termism.
From InvestmentNews
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Summary: New research from InvestmentNews and TD Ameritrade Institutional shows that an increasing number of firms are looking to add NextGen advisers in 2016 – and that there is a significant short-term impact when firms bring NextGen talent into their organizations.
From InvestmentNews
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Summary: Andrea Eaton and the other two advisers at Cornerstone Wealth Advisors found themselves in a position in 2010 where they didn't need another adviser, but they needed someone who could take on some of the administrative and light client duties that were consuming too much of their time.
From LinkedIn Pulse
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Summary: According to our most recent RIA benchmarking study, a few obstacles abound for owners when it comes to realizing the value of their firms. The first is the lack of available and skilled talent to innovate and lead many of these businesses going forward – just 27 percent of firms we surveyed have next-gen owners in place.
From On Wall Street
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Summary: It's no secret the industry's ranks have been graying. But while many recognize the need to cultivate a younger generation of advisors, there's too often a mismatch between goals and resources, according to a new study by Fidelity.
