The primary reason RIA principals continue to run their own shops, rather than cashing out or offloading day-to-day responsibilities, has to do with fear.
A recent survey by CFA Institute found 20% of retail investors say their primary reason for using trading accounts is entertainment or speculation.
As firms increase in size, client referrals represent a declining percentage of new assets, while marketing accounts for a greater percentage.
Look for independent broker-dealers flush with interest-rate revenue to emerge as credible threats to the mergers-and-acquisitions status quo.
Set aside time to take stock and focus your sights on what you want to achieve in the months ahead.
When an advisor launched a nonprofit in his ancestral home of Ghana, he also learned how to better understand his clients
Smaller firms can still flourish amid the rampant M&A activity, but they need to employ targeted client development and strategic outsourcing.
It's safe to say that the more adept you are at selecting, implementing and utilizing the available technologies, the better off your practice and your clients will be.
Last year, the agency managed to examine about 16% of all advisors, but it aims to do more exams in 2023.
Such plans can help clients catch up on retirement saving while offering significant tax benefits.
A young financial planner cites the benefits of having a supportive team and the fascination of learning about financial planning's emotional and psychological side.
We have reached a moment of reflection after a period of exuberant expansion.
The best-managed RIAs closely monitor growth by measuring net new assets and revenues, both from the addition of new clients as well as existing clients adding to their investment portfolios.
The industry has focused almost exclusively on cybersecurity controls over the past few years, instead of understanding what their core obligations and fiduciary responsibilities are for client data.
Direct indexing looks a lot like separately managed accounts, and SMAs may provide more control and flexibility for investors.
One way to think positively about the new year is to focus on the activities and actions you can control.
Advisors should encourage clients to take an honest look at where they are in life, assess their priorities, reflect on their values, and align it all to their goals.
Here are three areas that wealth management firms should be monitoring to avoid taking the kind of reputational hit the airline just suffered.
The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
It isn't just a matter of identifying clients who are interested, but of removing whatever obstacle is keeping them from investing.
