Best Places to Work firms score high marks from employees when it comes to their firm's clarity about its long-term plans; Best Places firms are also more proactive in developing employee talent and rewarding contributions.
The prevailing trend of advisers going independent has only gathered steam, according to third-quarter Advisers on the Move data.
The industry will need to continue to broaden its search for talent and bring in professionals of diverse backgrounds.
Young advisers recognize technology plays a central role in their value proposition, even as the personal connection they have with clients is the secret sauce.
Fueled by gains in the independent channel, tech-friendly firms are tweaking the custodial model and posing new challenges for incumbents.
The company maintained its healthy recruiting pace over the first two quarters of the year even as losses continued to mount among its wirehouse competitors.
The rise of $1-billion-plus mega RIAs in the space, fed by an influx of private capital and deal-making, is a further sign of the business model’s maturity.
The total number of advisory firms with a fee-only model has risen 20% since 2019, according to an analysis of the latest data from the SEC.
More than 4,000 advisers and brokers switched firms during the first quarter, up 11% from the first quarter of 2020. RIAs and IDBs continue to set the pace.
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