Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
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What Top Advisors Want: Equity & Career Growth
From On Wall Street
Added on March 2014 in Join an RIA
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Summary: Looking to attract and retain top advisors this year? Expect senior-level executives to demand equity and career growth, says Kathy Freeman.“When we started the survey five years ago, executives were more focused on the health of the company,” says Freeman, president and CEO of her eponymous executive search firm. “Now it’s all about their own careers.”
7 Dirty Words for RIAs to Avoid
From Financial Planning
Added on March 2014 in Other Ideas
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Summary:Every month, I try to determine the most important issue to write about, yet most of the time I end up delving into the seemingly boring topic of regulation. Why? Because I think the massive lobbying effort by the brokerage world and the Financial Services Institute to make FINRA the chief regulator of the financial planning and RIA community poses an existential threat. I actually believe that FINRA regulation would snuff out the creativity and idealism of our profession - and put a lot of great advisory firms out of business, reducing a lot of pesky competition for FINRA's brokerage firm members.
Leadership Teams Put the Success in Succession
From Think Advisor
Added on March 2014 in Plan for the Future
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Summary: When most owner-advisors talk to me about succession planning, the first thing they tell me is the value of their business (based on a recent valuation or a model formula). Then they spell out their plan for how the partners should pay for it. They think succession is about the numbers, and what they are usually looking for is a spreadsheet for how it's going to work. When it comes my turn to talk, I tell them that's all very nice and ask, “What have you done to groom your successors into leaders?”
Best Practices From Consulting Experts
From Financial Advisor
Added on March 2014 in Other Ideas
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Summary: The point of going to a conference is to pick up some tips and contacts that can help an attendee become more successful. To help with that type of networking, TD Ameritrade Institutional offered a business consulting lounge in a high-traffic area for its conference. The over 3,000 attendees were encouraged to stop by at their leisure to learn industry trends and best practices. Topics included social media, client acquisition, professional development, human capital and risk management.
Demand For Female Financial Leaders Largely Ignored
From Financial Advisor
Added on March 2014 in Other Ideas
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Summary: clear majority of Americans prefer executives with a more collaborative and creative leadership style, and seven out of 10 associate these leadership styles with women, according to a new study by Pershing.
