Added on December 2014 in Join an RIA
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Summary: In many cases, advisers and brokers are finding that about 20% of assets are left behind in an average move between firms. Proprietary investments, banking and lending products and some illiquid alternatives can keep clients tied to the former firm longer, industry observers said. In addition, advisers take the opportunity to shed some of their smaller or less welcome clients, and some clients may prove harder to sell on a move than expected.
Added on November 2014 in Join an RIA
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Summary: My career in financial planning began almost a decade ago. I was eager to earn credibility in the profession and a bit nervous about how to do so, especially as a young advisor working with colleagues and clients one or two generations my senior.
Added on November 2014 in Join an RIA
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Summary: Should you change channels in the advisory world? Are you thinking about becoming an advisor? It’s important to be able to compare and contrast the choices. Most investors and many advisors can’t distinguish between the advisory channels. Each channel is a silo with its own firms, terms and choices. Sometimes you can combine two paths like belonging to an independent broker dealer and also an independent RIA. It can be complicated.
Added on November 2014 in Join an RIA
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Summary: Schwab Advisor Services, which as the leading RIA custodian epitomizes the independent advisor, is making inroads capturing the assets of the least independent among the advisor community, going after the huddled masses of wirehouse advisors — at least the most entrepreneurial among them — who are yearning to breathe free.
Added on October 2014 in Join an RIA
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Summary: The financial crisis did curious things to Wall Street. Firms were gone overnight, once-powerful CEOs were never heard from again, and a whole new regime of power reorganized itself from the chaos.
