Knowledge and Insight
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6 steps to a perfect business plan
From InvestmentNews
Added on April 2014 in Manage Your Practice
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Summary: Your business plan is your formal statement of your business goals, the reasons why you believe they are attainable, and your plan for reaching those goals. This 6-step guide will help you develop and get into writing a formal business plan, including your vision, mission, values, beliefs, goals, strategies and your tactics to meet those goals.
RIAs Lead The Way In Advisor M&A Activity
From Financial Advisor Magazine
Added on April 2014 in M&A Issues
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Summary: The number of merger and acquisition deals among registered investment advisors jumped 20% in 2013 versus the prior year, according to figures from Schwab Advisory Services. At the same time, the total assets purchased in those deals dropped by 26% and the average deal size sank by 38%.That’s because the largest share of the 54 transactions done last year were RIAs buying other RIAs (44%), as opposed to 2012 when so-called strategic acquiring firms were the leading buyers and accounted for 53% of the 45 deals.
SEC Chairman: Examining Smaller Advisors Important
From Financial Advisor Magazine
Added on April 2014 in Form an RIA
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Summary: Securities and Exchange Commission Chairman Mary Jo White said Tuesday she is telling her staff that examining small investment advisors is important.The SEC’s use of computer modeling to determine which advisors to examine might not bring up large numbers of smaller advisors because they are not as risky as larger operations.
Ric Edelman's Workday Strategies
From wealthmanagement.com
Added on April 2014 in Manage Your Practice
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Summary: The one part of your daily routine that is essential to having a productive workday? Good calendar management. I’m not referring to time management. By calendar management I mean having the next day fully mapped out, so the night before I can review the coming day and make sure I’m fully prepared for it: have I pre-read received materials, researched issues so I’m conversational, prepped for meetings I’ll be in, familiar with everyone I’ll be interacting with and resolved on the outcomes I’ll want obtained.
Career Options for Breakaway Brokers Grow
From Wall Street Journal Online
Added on April 2014 in Join an RIA
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Summary: Job options for the most successful wealth managers just keep growing.Around six years ago, a wave of small but high-profile firms emerged to target high-producing financial advisers, many of them seeking new alternatives to working at the major Wall Street brokerages such as Morgan Stanley, MS +0.13% Merrill Lynch and UBS. sing a variety of business models, these smaller firms, including HighTower Advisors, Dynasty Financial Partners and United Capital Financial Advisers, tapped into the so-called breakaway movement of brokers who wanted greater independence.
