Offering holistic financial planning will become an increased focus of advisory practices, according to a survey by Broadridge Financial Solutions.
The survey of more than 300 advisers, conducted from Feb. 21 through March 1, found that about half (51%) will be concentrating more on planning to meet growing customer demand for the service. Advisers who are under 40 are four times more likely than those over 55 to believe that holistic financial planning is the main value they provide to their clients, the survey found.
In three years, nearly 80% of those surveyed expect to be part of a team. And most expect fee-based business to be the dominant model in coming years.
Broadridge said that while it surveyed advisers prior to widespread quarantining in response to COVID-19, the current global environment has intensified the trends identified by the survey.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
