 Improving operational efficiency, providing superior client service and fostering more proactive business development are just a few of the areas described in the report that can help advisers."Dan Inveen, principal, FA Insight |
Why expenses are up and profits are down for RIAs
Charles Paikert | Financial Planning, August 2016
Read the article online >
Summary: Firm expenses rose more quickly than revenue, according to the 2016 FA Insight Study of Advisory Firms: Growth by Design. Median overhead per client jumped 31%, and overhead expenses as a share of revenue for a typical advisory firm leaped to 38% last year, up from 34% in 2014.
Be the first to comment on this Article
