Home of the Registered Investment Advisor
By Liz Skinner
Source: InvestmentNews
Young advisers struggling to gain a critical mass of clients and bulk up their assets under management may want to find another firm to buy. Karsten Advisors, a Fort Worth, Texas-based firm with four financial advisers, all under the age of 40, has acquired nine advisory practices in the last 13 years to reach a total of $250 million in client AUM.
By Ann Marsh
Source: Financial Planning
Too many investment committees fall into common traps like chasing performance and groupthink, instead of learning how groups can think effectively, says Tom Brakke, an Excelsior, Minn.-based chartered financial analyst who helps organizations make better investment decisions.
By Mike Patton, Integrity Wealth Management
Source: ThinkAdvisor
The risk tolerance questionnaire has been a staple among financial advisors for a long time. Although the questions vary from one questionnaire to the next, the end goal is the same: to predict the client’s potential reaction to market fluctuations and potential losses in their portfolio. It is also used to determine an appropriate allocation between stocks, bonds, cash, etc. These questionnaires will typically assign a numerical value for each answer and when all points are totaled, the resulting sum will help determine the client’s willingness to assume risk and ability to tolerate losses.
By Alex Murguia
Source: InvestmentNews
At the beginning of the year, it became apparent during our budget review that managing the operations of our firm resembled more a Best Buy operations meeting than that of a wealth management firm. All that was missing were the blue shirts.
By Danielle Andrus
Source: ThinkAdvisor
Hiring multicultural advisors is good for clients and for firms, a survey released Tuesday by Edward Jones found. But how can a firm increase that diversity? Sallie Krawcheck offered concrete steps in a recent LinkedIn post.
By Michael Kitces
Source: Nerd’s Eye View blog
The growth of financial planning has been an incredible success story of the past 40 years, as the broader financial services industry slowly but steadily continues its shift away from the pure sale of products and towards the direction of personalized financial advice. Over the 25 years since the first CFP certificant was minted in 1973, nearly 10% of financial advisors obtained the designation, and the pace has accelerated as the CFP certification has continued to grow while the total number of advisors has been stagnant, now reaching what may be the “tipping point” of nearly 25% of all financial advisors.
By Bob Veres
Source: Advisor Perspectives
Every year brings its own set of challenges, as unseen trends suddenly emerge while older trends come to fruition, as unexpected market events make fools of the prognosticators and disruptive technologies change our lives. Nobody can predict the markets. But it is possible to forecast the challenges that financial advisors and planners will face in the next 12 months, or at least provide a warning system for impending threats.
By Ann Marsh
Source: Financial Planning
There are a lot of different ways to get big. Just ask the companies on Financial Planning’s 3rd annual list of RIA leaders. Take Creative Planning of Leawood, Kan., which is one of the most intriguing stories on this year’s list. President Peter Mallouk says he bought a practice with $30 million in assets under management in 2004. Its subsequent strong performance during the 2008-2009 recession propelled enough word-of-mouth referrals, he said, that the figure has grown to $7.8 billion this year – without acquisitions.
By Angie Herbers
Source: ThinkAdvisor
As part of my year-end reflections, I’ve been thinking about the issues that we see occur over and over with owner-advisors. As I was thinking about it and talking with my staff about it, we concluded (and it helps that we have a psychology grad on staff) that one of the most frequent challenges that we deal with is “errors in thinking.”
By Scott Hanson
Source: InvestmentNews
The most important stake that you’ll drive into the ground in support of your company’s foundation should be comprised of your core values. But what exactly are these core values, and when it comes to developing them, who precisely should they be created for?
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