From Wall Street Journal Online
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Summary: The St. Louis-based Moneta Group knows a thing or two about creating a lasting business: The registered investment adviser started as an insurance agency in 1869. Still, when it realized four years ago that many of its top people would be retiring in the next decade, the firm intensified its focus on succession planning. The firm's chairman, Peter Schick, now 67, developed a succession plan for his advisory team, which centered on mentoring younger advisers and providing the resources necessary to become principals.
From Think Advisor
Added on February 2014 in Other Ideas
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Summary: Two recent studies by the Employee Benefit Research Institute show how baby boomers and Gen Xers are faring in their retirement readiness (much better thanks to the housing and financial markets), while another shows that those already in retirement are taking “small” withdrawals from their IRAs.
From InvestmentNews
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Summary: Like many financial advisers in the Southeastern United States this week, Jennifer and Phil Calandra closed the doors to their Atlanta-based advisory firm on Wednesday and Thursday and operated from their home.The Storm provided a chance for many firm like theirs to live test their emergency preparations.
From Financial Planning
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Summary: Clients and their children need to start talking about how to prepare for long-term care during retirement and inheritance before problems and conflicts arise – and advisors can help start the conversation. That’s the message Bob Mauterstock, CFP, delivered at IMCA’s New York Consultants Conference here on Monday.
From InvestmentNews
Added on February 2014 in Join an RIA
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Summary: Independent broker-dealers, take notice: The largest custodian for independent advisers is gunning for you. Speaking Wednesday at a business meeting, the executive in charge of Schwab Advisor Services said that independent broker-dealers are less likely than in the past to be seen as a necessary stepping stone for wirehouse exiles seeking independence.
