From Think Advisor
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Summary: The average age of financial advisors creeps higher each year, approaching the traditional age of retirement. A growing chorus of voices have warned of the looming onslaught of advisors retiring, the lack of young talent to take over their firms, and thus a wave of advisory firms that will come up for sale resulting in a competitive buyer’s market that will make advisors regret having waited to sel
From InvestmentNews
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Summary: Most independent advisers spend almost half of their working hours on non-client-facing projects, such as office administration and management, investment research and asset management, and professional development. In other words, advisers dedicate barely half of their time to serving clients!
From InvestmentNews
Added on October 2014 in Join an RIA
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Summary: With the financial crisis fading further into the background, advisers are once again looking for the ability to own equity in their firms, this time at independents.
From InvestmentNews
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Summary: 2013 was another period of sky-high revenue and AUM growth and strong profit margins at advisory firms, according to the InvestmentNews 2014 Financial Performance of Advisory Firms. More and more, the modern advisory firm is looking like a business rather than the small practice of the past. That maturation process has been accompanied by an evolution in the way firms monitor and sustain their success.
From Think Advisor
Added on October 2014 in Other Ideas
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Summary: People starting their careers often worry about their finances, and many don’t know whom to trust for advice, according to a study published Wednesday by Fidelity Investments. Thirty-three percent of survey participants in the 25-to-34 age group — millennials or Gen Yers — identified their parents as the top choice as advisors on money matters, but 23% said they trusted “no one” when it came to advice about money, making this the second most common response.
