From InvestmentNews
Added on August 2014 in Form an RIA
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Summary: Brokerage firms may be monitoring their brokers' investment accounts for signs that a broker is about to jump ship. Firms have long monitored brokers' personal trading accounts for signs of suspicious trading activity. But certain behaviors — such as large withdrawals, moving assets into the accounts owned by family members or suddenly liquidating shares in proprietary products — may also suggest that a broker is planning to switch to another firm.
From Financial Planning
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Summary:Worried about a shortage of qualified young advisor talent? Consider hiring younger staff, and then encouraging -- or even requiring -- junior associates to study and sit for the CFP exam and complete their experience requirements.That was one of the takeaways from a new survey of recent graduates the CFP Board released Friday at its annual conference for registered educational programs.
From On Wall Street
Added on August 2014 in Form an RIA
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Summary: The process of going independent can be more time consuming than moving to another wirehouse, due to additional due diligence and logistical execution. So, it is important to make the journey to independence simpler, more turnkey and less threatening.
From Financial Advisor IQ
Added on August 2014 in Other Ideas
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Summary: McKinsey & Company most recent report on retail asset management is, of course, aimed at helping product providers up their game. But its findings also shed light on the financial-advice business — specifically, where growth is expected to be strongest over the next several years.McKinsey says the wirehouses will capture only 2% of those assets, compared with 28% for RIAs and 21% for independent broker-dealers.
From Financial Planning
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Summary: The planning industry is full of buzzwords, particularly in marketing. Anything that someone writes or develops is now “thought leadership.” Every special report or longish article is now a “white paper.” These terms are in danger of losing their meaning.Having worked with financial advisors for 25 years, I can say that most of them will never be seen as thought leaders – they just don’t have the time. That’s what it takes to be a thought leader: One must take the time to really think and advance the conversation around a body of thought.
