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.
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.
The Kansas-based mega-RIA is giving clients access to dedicated care coaches as new surveys show caregiving duties are straining Americans' finances.
Aspen's affiliated RIAs now manage $15 billion after the New York-based platform added Kalamazoo-based CWS Financial Advisors.
The Chicago-based mega-RIA's latest additions, spanning six office locations and over 40 team members, pushes its W-2 platform assets to roughly $35 billion.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
