In this issue, InvestmentNews and Best Companies Group share the 75 Best Places to Work in the advisory industry. The common thread among winners? Companies on the list invest in their employees and place a primacy on firm culture.
In terms of the investment in employees, winners offered profit-sharing plans (41% of BPTW, 18% of others), employer-sponsored employee assistance programs (52% of BPTW, 29% of others) and paid sabbaticals (17% of BPTW, 0% of others).
And the culture? IN’s Devin McGinley shares these five statements that employees at BPTW were more likely to agree with than workers at other firms:
“I can trust what this organization tells me.”
“I feel I can express my honest opinions without fear of negative consequences.”
“Changes that may affect me are communicated to me prior to implementation.”
“My employer enables a culture of diversity.”
“This organization gives me enough recognition for work that is well done.”
That focus on culture came up in a podcast I joined with Integrated Partners that will be released this week. We discussed lessons from our first jobs, and I remembered the example set by Dave Moore, my first great boss, who taught me to set the example by doing the work you’re asking others to do. Give it a listen and share your first job lessons.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
