These deals are much more complex than RIAs ever imagined, and they require specific operational expertise to harness promised synergies
Benchmarking is how advisers become better at interpreting their firms' financials, helping to project future success.
It's not enough just to create an investment policy statement; you must follow through on the review procedures it outlines.
The firm added $6.5B in assets in the fourth quarter, mostly from big brokerages.
Firm owners attempt to balance rewarding adviser performance with keeping a lid on compensation. </br><b><i>(More: <a href="//www.investmentnews.com/section/specialreport/20151018/COMPSTAFF"" target=""_blank"" rel="noopener noreferrer">IN's 2015 Adviser Compensation and Staffing Study special report</a>)</b></i>
Advisers should weigh wealth management technology as an answer to their small-account woes.
Three investment advisers who charge fees, commissions and by the hour for their services don't anticipate big changes at their firms.
Here are some ramifications the new rule may have on adviser movement in the industry.
Plus: Advisers speak out on DOL rule, the inflows continue for equity ETFs, and big banks strive to look small to regulators
Plus: Bad news from the Bacon Cheeseburger Index, CFOs are feeling down, and getting a better cell phone plan.
If the firm's executives expected trainees to work long hours without being compensated for their overtime, then they deserved to lose the lawsuit.
Fee transparency can help boost retention and open pathways to increased referrals.
The rule is described as 'workable' and a political success, though implementation remains the biggest challenge ahead.
Plus: The downside of $15 minimum wage, testing your finance knowledge against NFL players, and keeping ID thieves in check
Their offices are abuzz on Saturdays, and regular planning meetings with clients and prospects are put off until after the April 18 filing deadline.
Scan of recent orders and reports from SEC, Finra shows the advice industry is already feeling the effects of fiduciary.
It's much easier to put clients first and keep them there than to find a new tool or product to sell.
Group's recommendations include showing fees in dollar amounts on customer account statements.
They joined the firm in three separate moves from UBS Group AG and Morgan Stanley
