Added on August 2015 in Other Ideas
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Summary:The fastest growing segment of the financial advisor market is also the segment least dependent on outside support from asset managers, insurance companies and broker-dealers. That’s just one of many findings from Practical Perspectives’ latest survey on “Value Add Support to Financial Advisors.”
Added on August 2015 in Other Ideas
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Summary: Fifty-six percent of advisors responding to Hartford Funds’ third annual Advisor Anxiety Survey, released Monday, reported that they focused on attracting millennial clients “less than other age groups” or “not at all” even as they identified prospects in that category.
Added on August 2015 in Other Ideas
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Summary: New research from global analytics firm Cerulli Associates suggests that technology innovations will help grow — not hinder —an advisor’s business.
Added on August 2015 in Other Ideas
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Summary: The investment-advice business is a good business to be in indeed: According to a recent study of all SEC-registered investment advisors, the number of firms, clients and assets under management have all showed healthy growth over the past year. The number of clients served by RIAs grew by 6.8%, or almost two million, to nearly 30 million.
Added on August 2015 in Other Ideas
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Summary: Despite tremendous growth in automated investing technology, there are still many advisors not willing to cede control of clients’ portfolios to a so-called robo advisor.
