Home of the Registered Investment Advisor
By Paula Vasan
Source: Financial Planning
The burgeoning influence of financial advisors in the United States was a repeated observation at this year’s Tiburon CEO Summit, where hundreds of CEOs and other business executives met to discuss the latest trends and challenges facing the financial industry.
By John Sullivan
Souce: AdvisorOne
With the economy on the rise and tax day looming, advisors are experiencing their busiest season in some time, a new study from Pershing finds. The clearing and custody giant’s Study of Advisory Success notes that while a majority of advisors are satisfied with the pace of their businesses, 64% are concerned about having enough time “to get things done.”
By Susan Konig
Source: Wealth Management
It’s no secret the advisory workforce is getting old. On average, advisors are over 50, according to Cerulli. Less than 5 percent are under the age of 30. So as baby boomers in the office retire, branch office managers looking to fill the void will have to dip into the demographic pool known as “millennials.” … experts say the younger generation has vastly different expectations of how to be recruited, managed and led.
By Ann Marsh
Source: Financial Planning
Younger advisors are outpacing their elder peers in attracting AUM, according to a Fidelity study that surprised even its authors. Gen X and Gen Y planners had an average of $8 million more in AUM in their practices compared to their baby boomer counterparts, according to the study.
By Samantha Allen
Source: Financial Planning
Truepoint, a Cincinnati RIA with $1.3 billion in assets under management, has a relatively large and young staff and has been growing since its formation in the 1990s. With a team approach focused on transparency and employee development, Truepoint continues to succeed not just on financial marks but also on the two metrics it tracks: client and employee satisfaction.
By Joyce Hanson
Source: AdvisorOne
It’s tax time. Do you know where your clients’ assets are allocated? As the 2012 tax filing deadline draws near, financial advisors are studying what the Taxpayer Relief Act means for their clients’ portfolios—and how to better tax-manage their assets at every point along the wealth spectrum.
By Anne Field
Source: Wealth Management
Back in 2005, the owners the Atlanta-based financial advisory firm Polstra and Dardaman made the conscious decision to focus on growth. They changed the name of the firm to Brightworth … And they put a career progression process in place for all new hires; advisors, as well as support staff, could rise through the ranks at the firm, taking on greater responsibilities and, perhaps one day, become a partner and equity owner.
By Ann Marsh
Financial Planning
Birds do it. Bees do it. Planners with complementary philosophies should probably do it. Coupling up, in the business sense, can increase income by 32% or even more, according to a recent Fidelity study and Financial Planning interviews with teamed planners.
By Dina Hampton and Brooke Southall
Source: RIABiz
Note from Brooke Southall: We’ve found our No. 1 pick. You’ll see that his fairly mind-blowing success greedily uses an all-of-the-above strategy that includes big use of a roll-up, a TAMP, DFA, Silicon Valley’s wealth, the untapped potential of the accounting profession, social media and even the mass affluent. Oh, and the CEO is about the age of some red-shirted college athletes.
By Paula Vasan
Source: Financial Planning
Personal devices can pose a serious threat to businesses if strict policies and preventative cybercrime measures are not put in place, according to a study. Advisory firms may be wise to maintain a watchful eye on employee communication.
