Revamp aimed at streamlining coverage of RIA, B-D, bank, and retirement-plan clients
Rudy Adolf of Focus Financial has done the math: Wall Street wirehouses destroy close to $50 billion of portfolio value each year with "unnecessary fees and depressed performance based on poor product choices, or both."
Traditonally "the seller" has had more information and it's been a "buyer beware" situation, said Daniel Pink, author of "To Sell is Human: The Surprising Truth About Moving Others," at the Financial Planning Association's national conference in Orlando on Saturday. New technology is giving more power to the consumer.
Financial advisers who integrate technologies will pay more than those who buy separate software solutions, but they stand to gain in annual income as well as future positioning. Liz Skinner reports live from FPA Experience in Florida.
Trestlebridge Capital has left Ameriprise Financial Services Inc. in favor of LPL Financial LLC for its brokerage assets and Flagship Harbor Advisors for its registered investment adviser assets.
RIAs appear to be losing their competitive edge. Why? Wirehouses and regional firms are adopting some of their practices.
Revenue that firms generate and income that advisers earn are both on the rise as the industry reaches a “critical mass” that will facilitate more growth.
Business model expands to attract advisory firms that want to keep more control.
Economic uncertainty, fragile investment markets kept RIA M&A to a minimum in the first quarter.
Deal adds six equities strategies, pushes firm over $500M in assets.
California-based advisory conglomerate has its eye on national expansion
A new partnership between Broadridge Financial Solutions and Scivantage will provide Broadridge clients with access to Scivantage Maxit, an automated cost-basis application.
CEO sees scope for more deals to expand geographic footprint, add assets.
Get ready for a new level of transparency. Brightscope is gathering fee info from ADV forms and plans to begin publishing it later this year. Dan Jamieson has the details.
Ads inspired by and tailored for advisers are on the rise
RIA deals hit a five-year low as only 18 transactions were completed in the first half of 2013, according to data from Charles Schwab.
