Independent, But Not Alone: Teaming Up Pays

By Miriam Rozen
Source: Financial Planning

 

Financial advisors at RIAs are joining forces to create mega teams as a way of coping with the growing complexity of clients’ planning needs, investment products, industry technology and regulations, according to research firm Cerulli Associates.

 

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RIAs, Broker-Dealers Neglecting Crucial Recruiting Channels: Poll

By Michael S. Fischer
Source: ThinkAdvisor

 

Seventy-two percent of broker-dealer and registered investment advisor firm executives in a new poll believe the industry is facing a talent shortage. The Fidelity Institutional poll, released last week, found that acquiring or recruiting new talent was a top strategic priority for these firms.

 

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The Benefits Of Reverse Mentorship

By Mark Tibergien
Source: ThinkAdvisor (Investment Advisor magazine)

 

Age sometimes begets hubris, a state of exaggerated self-confidence based on the belief that one has seen it all. As the abridged quote from Proverbs says, “Pride goeth before a fall.” While history and experience help in evaluating our circumstances, neither can effectively predict what the future may bring. Those who make their driving decisions while looking in the rear view mirror find this fact challenging.

 

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Wirehouse Comp vs. RIA Ownership: Does Independence Pay?

By Justin Ferri
Source: Financial Planning

 

Some people in our industry will say that it is the best of times, while others will say it is actually the worst of times. Independent financial advisors are experiencing their highest revenue in history, while those in wirehouses are feeling squeezed by continuously changing payout grids.

 

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Live From Pershing INSITE 2015: XY Planning’s Alan Moore On Next Gen Advisors, Clients

Source: WealthManagement.com

 

WealthManagement.com caught up with Alan Moore, co-founder of the XY Planning Network, at the 2015 Pershing INSITE conference in Orlando. Alan outlines the challenges and successes that younger advisors are facing as they build their businesses, as well as the competitive threat posed by the so-called “robo-advisors.”

 

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Key Technology Issues You Need To Consider When Going Independent

By Paul Dalton
Source: WealthManagement.com

 

Advisors going independent have to contend with many challenges, but choosing the right solutions for technology and compliance can be among the most daunting. Many advisors have worked for years within a cocoon of solutions provided by an army of well-staffed IT and compliance departments. They probably haven’t had to think much about the selection, installation and maintenance of the tools they use every day. In fact, they may not even be aware of what they use every day!

 

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Top Branch Managers: Advisors Want Smaller Firms

By Andrew Welsch
Source: Financial Planning

 

Smaller firms and more intimate work environments – those are among the top reasons advisors leave their firms, branch managers say. About one third of managers expect advisors to make a move within the next year due to expiring retention contracts, according to data from a recent survey. Their expectations might be derived from past experience: Of advisors who left within the past year, about one third went to the independent space, surveyed managers said.

 

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Breaking Away—When The Wirehouse Wants You To Stay

By Jane Wollman Rusoff
Source: Research Magazine

 

For successful, entrepreneurially minded wirehouse advisors, the allure of going independent is a powerful, magnetic force. But as more and more top producers opt to launch their own shops free from the dictates of big-bank employers, wirehouses are trying harder to retain them—and their client assets part-and-parcel.

 

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Make Your Next Move Matter

By Danny Sarch
Source: Financial Planning

 

Unhappy where you are or just curious about the choices out there for you? I hear from advisors on both fronts, who say they get recruited constantly. Not every firm, however, is the best choice for every advisor. Here is a starting point for figuring it out.

 

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Recruiting Problem: Gen Y Thinks You’re A ‘Wolf Of Wall Street’

By Andrew Welsch
Source: Financial Planning

 

NEW YORK – Gordon Gekko. “The Wolf of Wall Street.” When millennials look at the industry, that’s who they see, not a planner helping clients achieve their dreams, wealth management executives say. Goals-based wealth management? Millennials have never heard of it.

 

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