Other Ideas
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Advisers generating less revenue from each dollar managed
Added on April 2014 in Other Ideas
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Summary: Revenue that advisers generated from client assets fell during each of the past two years, even though they increased their assets under management over that period, a new report shows.The average revenue advisers generated from assets declined to 0.68% last year, from 0.69% in 2012 and 0.72% in 2011, according to a PriceMetrix Inc. report released Monday that analyzes transaction and account data of 40,000 advisers.
The wealth management industry at a turning point
Added on April 2014 in Other Ideas
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Summary: For the first of a series of special reports on the Crossroads the financial advice business is facing, we posed one question to top industry leaders: What turning point do you see the overall financial advice industry facing at the current moment? Here is what they said.
Top 4 Reasons Clients Leave Advisors
Added on April 2014 in Other Ideas
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Summary: When it comes to why the mass affluent, high-net-worth and ultrahigh-net-worth clients would change advisors, it all comes down to not feeling the love. A Vanguard-Spectrem study asked 3,000 investors with net worth from $100,000 to $25 million to rank the main causes for switching financial advisors.
Young, wealthy clients still prefer the human touch over digital technologies
Added on March 2014 in Other Ideas
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Summary: The majority of high-net-worth investors under 40 appreciate the human support their advisers offer, and place great value on advisers' understanding of their goals-based investment needs, a new study shows. The three highest-rated human factors that advisers offer — understanding of individual needs, level of experience and market knowledge — each received a rating of 65 out of 100 on the importance index in the global wealth study released Thursday by SEI Investments Co., Scorpio Partnership and NPG Wealth Management.
5 thoughts about how to actually do what RIA experts say to do
Added on March 2014 in Other Ideas
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Summary: You can lead an advisor to water. But why do they sometimes choose straight-from-the-tap instead of Perrier? When it comes to practice management consulting there is often times a disconnect between the “coaching” or “consulting” — i.e. the thinking that is delivered or recommended — and the actual execution i.e. the doing of the recommended actions.In an effort to make some of the more common “consulted on” topics easier to digest and implement, I have broken them down into easy to execute steps.
