Winning the HNW Client: How a Holistic Tax and Investment Strategy Sets Advisors Apart
Key Takeaways 46% of HNW investors plan to change or add a wealth relationship in the next 12–24 months. Advisors who offer a consolidated, specialized...
Category: Career Development
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From Exploration to Execution: A Practical Framework to Navigate Partial or Full Transitions
Succession is not a single decision. It is a structured journey. Whether you want to simplify your workload, reshape your […]
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Reimagining Advisor Succession: From One-Time Event to Lifecycle Strategy
Succession has often been misunderstood or categorized as a single event: sell your entire book when you are ready to retire.
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Wealth Management M&A Tips: Acquisition Preparation for Advisory Firms
Acquisitions in the financial services industry are guided by the search for value. Firms considering selling or merging their practice must be aware that today’s buyers are seeking ways to unlock future advantages by acquiring the ability to scale effectively. This trend persists in a still-fragmented marketplace where…
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Unlocking Career Satisfaction: A Guide for Financial Advisors
It’s been estimated the average person will spend 1/3 of their life at work. As a financial advisor, your career is not just a job; it's a significant part of your life. However, if you find yourself feeling dissatisfied or overwhelmed, it's essential to take a step back…
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What Is a TAMP and How to Choose the Right One?
As a financial advisor, you naturally wear many hats in your business. From managing clients to handling marketing and compliance, it can be easy to get overwhelmed.
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Business Model, Business Planning, Career Development, Client Experience, Clients, Practice Management, Regulatory Compliance, RIARIA Transition: A Simple How-To Guide
Are you considering a break-away move to start your own practice? Transitioning to independence as an advisor can be a big and rewarding move. However, it’s easy to feel overwhelmed if you aren’t sure where to start in the transition process. Building a new firm requires establishing a…
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5 Paths to Independence as an RIA
What is making more advisors interested in breaking away to pursue independence? Some of the top reasons that advisors choose to start their own firms include a higher earning potential, more freedom to make decisions for their clients, business autonomy, and professional legacy. However, not all paths to…
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How to Build Effective Financial Advisor Team Structures
You know what they say: Two heads are better than one. In the case of financial advisory practices, that might be three, four, or many more.
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Career Development, Client Experience, Client Relationships, FinTech, Market Insights, Market Volatility, Marketing, Practice Management, Regulatory Compliance, RIAA Look at RIA Market Trends for 2023
As we approach the end of the year, it’s a good time to look back and reflect on what’s shaping the RIA market. We’ve experienced some unusual hurdles in the past two years that have had a huge impact on financial advisory trends.
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5 Key Elements to a Financial Advisor Business Plan
As a financial advisor, the idea of building a business plan can seem a low priority—merely an exercise for entrepreneurs trying to launch a startup. But as a business owner, you may know that you should take care of it, but you also know that it’s going to…
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How to Prepare Your Firm for a Market Downturn or Recession
The last bull market, which ended in 2020, lasted 3,999 days. That means if you have been a financial advisor for less than a decade, you are now experiencing the first protracted market downturn of your professional career—and it’s stressful. Like parenthood, no matter how much you’ve studied…
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Fee-Based and Commission-Based Financial Advisor Compensation Models
Financial advisory practices have changed over the years and are increasingly shifting away from commission-based models toward fee-based models. To understand this trend and the forces that are influencing it, we examine the pros and cons of different compensation models.
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5 High-Impact Tips to Grow Your Practice When You Feel Overwhelmed
Managing invoicing, investment research, staffing, and the small galaxy of other back-office tasks leaves little time left over to focus on your own future. How do you grow your practice when you're already spending all your time managing the day-to-day operations?
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Advisor Independence: Why Now Is a Good Time to Make the Switch
Starting an RIA (Registered Investment Advisor) firm can be a massive opportunity for financial advisors who want to build monetary value in an independent business. While leaving the comfort zone of an existing firm or brokerage may be intimidating, there is no better time to act than right…
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Independent vs. Wirehouse: The Pros and Cons (Only You Can Decide)
It’s an ongoing debate – working with a wirehouse vs. being an independent advisor – and there are passionate proponents on both sides. Still, if you are a financial advisor pondering a move, you must get past all the noise and look within. Why? It’s a personal decision,…