The $9B firm is looking to spread its wings even further in Los Angeles, a city its CEO, Rob Francais, says has relatively few independent advisers given its size.
Advisers can use profile assessments to avoid expensive bad hires, experts say, but not all tests function the same.
Borrowing a practice from the medical profession, Cornerstone Wealth Advisors hires young advisers for three-to-four year stints, bridging the gap between education and experience.
No longer enough just to have lots of fans; who they are matters.
Other hot topics include retirement withdrawal strategies, cash-flow planning and taxes.
Young advisers need help developing 'soft skills' for serving clients, like the proper language and tone to use, how to be a good listener and how to prioritize workloads. </br><b><i>(Plus: <a href="http://www.investmentnews.com/section/specialreport/20150405/NEXTGEN2015" target="_blank">More insight on The Next Generation of Advisers</a>)</b></i>
New dollars coming from brokerage clients — still the most common route — are shrinking.
With the Fed likely to begin boosting its rate next week, advisers are preparing to answer a lot of questions — and preemptively communicating the move's impact.
In spite of the political climate, pending regs and global unrest, advisers see a bright year ahead.
Presidential candidate Hilary Clinton directed Democrats in Congress to stop Republican lawmakers from adding language to a government spending bill that would effectively kill a pending DOL rule.
