Home of the Registered Investment Advisor
BY John Sullivan
Source: AdvisorOne
Angela Herbers delivered a presentation titled “P4—Building Great Businesses by Creating Great Employees,” based on a whitepaper of the same name, to an enthusiastic crowd at the 2012 FPA Retreat in Scottsdale, Ariz. last week. The four “Ps” are preparation, pay, perks and productivity.
By Nicholas Olesen
Source: Financial Adviser, a WSJ blog
Over the past year I have gradually incorporated videoconferencing into my practice. At first I was worried that my clients wouldn’t like this technology, but I was surprised by how receptive they were.
By Davis D. Janowski
Source: Investment News
I have already received a few e-mails from readers regarding Google’s rollout of its new Google Drive online storage system. I say to financial advisers stay away for now, especially if you were thinking of using it for storing client information. With Google Drive a whole new brouhaha is brewing over the company’s privacy policies.
By Joyce Hanson
Source: AdvisorOne
The criminal world’s best and brightest minds have targeted the advisory business as worried investors in the current low interest rate climate fall prey to scams that promise high returns, Financial Serial Killers co-author Tom Ajamie said last week at the annual meeting of the Financial Planning Association’s New York chapter.
by Thomas Coyle
Source: Financial Adviser, a Dow Jones blog
For Ed Butorac, who owns Butorac Wealth Management, a Los Angeles-based firm affiliated with independent broker-dealer Financial West Group, going beyond standards set by law and maintained by regulators is essential to being a wealth manager. “Our ethical standards inform how we treat clients, and how we invest their money,” he says.
By Bruce W. Fraser
Source: Financial Advisor
Market uncertainty, product polarization and the rise of independent broker-dealers are some trends that have had an enormous impact on the financial services industry in the last few years, the managing partner of Tiburon Strategic Advisors LLC said at its CEO summit last week in New York City.
By Michael Kitces
Source: Nerd’s Eye View blog
A new study out using FinaMetrica risk tolerance data from before and after the global financial crisis joins a growing body of research suggesting that in reality, client risk tolerance is actually remarkably stable, and that what’s changing through market cycles is not the client’s risk tolerance, but instead risk perceptions.
by Lavonne Kuykendall
Source: Investment News
Faced with a dearth of reliable data on the fees and commissions being charged for advisory services, many financial advisers are basing their pricing structure on little more than their gut. Given that fact, adviser reaction to Morningstar Inc.’s announcement that it will begin incorporating adviser fee and commission data from PriceMetrix Inc. in its Morningstar Advisor Workstation platform has been generally enthusiastic …
By Angie Herbers
Source: AdvisorOne
In my work, the biggest mistake that I see owner/advisors make isn’t really a mistake at all: It’s a mentality that I call the “Now!” syndrome. It’s an approach to problem solving that ignores things until they come to a head, but then must respond by doing something about them “now.” The problem, of course, is that when people wait to address problems, they often do get worse.
by Lisa Shidler
Source: RIABiz
The CFP Board announced last week that it has shored up its rules and procedures regarding the Certified Financial Planner Board of Standards Inc. certification including more public disclosure for CFP professionals who file bankruptcy. The CFP Board is also creating a fast track to becoming a CFP.
