Results for "Numbers Game"

Jul 8, 2019, 2:37 PM EST

Client longevity is advisers' top retirement planning concern


By James Gallardo

Individuals who pay for financial advice generally are feeling positive about their ability to prepare for their post-working days. Nearly all (87%) feel "knowledgeable and educated when it comes to planning for retirement," and most (80%) believe they are saving enough to fund their retirement. In fact, when clients are asked to rate their confidence that they'll maintain a comfortable retirement on a scale of 1-10, 88% give a rating of seven or higher, and only 1% of respondents give a rating that's less than five (Fig 1.).... Read full post

Jun 1, 2019, 10:45 AM EST

RIA rundown 2019: Largest fee-only RIAs

By Ellie Zhu

Rank 20192019 TotalDiscretionaryNondiscretionaryFirmPhone/websiteassets ($M)accountsassets ($M)accountsassets ($M)accountsEmployees1Hall Capital Partners1 Maritime Plaza, Sixth FloorSan Francisco, CA 94111(415)$36,253.90 174$12,011.60 62$24,242.30 1121572Moneta Group Investment Advisors100 South Brentwood, Suite 500Clayton, MO 63105(314)$20,257.50 25,379$9,217.10 3,992$11,040.30 21,3873003Jasper Ridge Partners201 Main St., Suite 1000Fort Worth, TX 76102(817)$20,001.70 40$19,288.10 35$713.60 5824Silvercrest Asset Management Group1330 Avenue of the Americas, 38th FloorNew York, NY 10019(212)$19,032.20 1,218$14,244.60 1,192$4,787.60 261295BBR Partners2 Grand Central Tower, 140 E. 45th St., 26th Fl.New York, NY 10017(212)$15,886.20 3,670$13,748.60 3,460$2,137.60 2101156Comprehensive Financial Management720 University ... Read full post

Jun 1, 2019, 3:30 PM EST

RIA rundown 2019: Top fee-only RIAs by state

By Ellie Zhu

State/top 3 firms# of fee-only RIAsTotal assets ($M)/market shareDiscretionary assets ($M)/market shareNondiscretionary assets ($M)/market share 1 CA California 357 $271,694.9 $222,410.8 $49,284.1 1 $36,253,881,136.0 Hall Capital Partners 13.3% 5.4% 49.2% 2 $14,175,031,522.0 Comprehensive Financial Management 5.2% 6.4% 0.0% 3 $11,669,979,000.0 Aspiriant 4.3% 4.5% 3.6% 2 NY New York 127 $167,378.0 $124,021.5 $43,356.4 1 $19,032,237,664.0 Silvercrest Asset Management Group 11.4% 11.5% 11.0% 2 $15,886,200,000.0 Bbr Partners 9.5% 11.1% 4.9% 3 $13,920,631,060.0 Tiedemann Advisors 8.3% 9.3% 5.4% 3 MA Massachusetts 119 ... Read full post

Jun 1, 2019, 12:59 PM EST

RIA Rundown 2019: Biggest gainers

By Ellie Zhu

Rank 20192019 TotalDiscretionaryNondiscretionaryFirmPhone/website% changeassets ($M)accountsassets ($M)accountsassets ($M)accountsEmployees1The Mather Group353 N. Clark St., Suite 2775Chicago, IL 60654(630) 537-1078themathergroup.com180%$4,145.20 5,825$2,931.50 2,993$1,213.80 2,83252
2Dynamic Wealth Advisors2415 E. Camelback Rd., Suite 700Phoenix, AZ 85016(877) 257-3840401kextra.com85%$1,451.20 6,248$1,298.70 6,132$152.50 11674
3Camden Capital2301 Rosecrans Ave., Suite 2110El Segundo, CA 90245(310)$3,174.60 3,317$2,086.70 2,530$1,087.90 78724
4TCG Advisors900 S. Capital of Texas Hwy., Suite 350Austin, TX 78746(512) 600-5221tcgservices.com60%$2,817.30 1,733$2,133.10 1,578$684.20 15590
5LGL Partners1 Tower Bridge, 100 Front St., Suite 1300West Conshohocken, PA 19428(610) 545-6100lglpartners.com58%$1,772.40 400$642.50 265$1,129.90 13524
6Raub Brock ... Read full post

Apr 24, 2019, 3:58 PM EST

2019 top independent broker-dealers ranked by revenue

By Ellie Zhu

Firm2018 revenue ($M)% change vs. 20172018 commission revenue ($M)% change vs. 20172018 fee revenue ($M)% change vs. 20172018 other revenue ($M)% change vs. 20171LPL Financial LLC5188.421.21919.714.91793.527.31475.222.82Ameriprise Financial Services Inc.4804.012.81209.80.02638.813.1955.431.33Raymond James Financial Services Inc.2410.016.4677.00.01314.026.0419.017.44Commonwealth Equity Services, LLC dba-Commonwealth Financial Network1425.314.8234.5-3.3976.222.3214.67.05Northwestern Mutual Investment Services1219.517.9326.70.0786.925.2158.38.86MML Investors Services, LLC1126.67.3678.21.9443.716.64.69.27AXA Advisors LLC913.816.2633.213.7237.522.243.122.88Cambridge Investment Research Inc.906.711.7283.49.1509.610.8113.623.89Securities America Inc.803.526.1311.520.9402. Financial Network782.45.7495.32.4217.713.469.47.311Cetera Advisor Networks619.58.8269.16.2247.65.4102.926.312Royal Alliance Associates Inc.603.924.8242.... Read full post

Apr 15, 2019, 10:19 AM EST

Dynamic philanthropic environment expected through 2020

By Ellie Zhu

Which U.S. organizations are receiving the extra funds? Who's doing all this charitable giving? Who's giving more in 2019 and 2020? ... Read full post

Apr 12, 2019, 8:58 PM EST

62% of firms plan to adopt new client-facing technology this year


By Ellie Zhu James Gallardo

Our past research has revealed that independent advisory firms often rated improving the digital client experience as less important than improving adviser productivity and building efficiencies. But data from the 2019 InvestmentNews Adviser Technology Study point to a potential change in sentiment.Client experience leaped to the forefront of adviser technology strategy this year, and was selected and ranked at No. 1 more frequently than any other consideration as a top metric both for evaluating current technology and for consideration when investing in a new application. But current usage of client-facing software solutions is underwhelming. The only tools used by a majority of firms are electronic signatures (72%), client-facing portals (71%) and video conferencing software (67%). (See Figure 1.)Other tools utilized elsewhere in the financial services industry, such as mobile-optimized websites, digital account-opening systems and... Read full post

Apr 1, 2019, 9:03 PM EST

Best Places to Work for Financial Advisers: The research and the data


By Ellie Zhu Matt Sirinides

As InvestmentNews celebrates its second class of Best Places to Work for Financial Advisers, we'd like to use the opportunity to shed some light on the practices that play the biggest role in setting the Best Places apart from the competition by taking a deeper look at the data firms provide in order to be considered for the list. Below are five areas where the Best Places differed most from the firms that didn't make the list.... Read full post

Mar 15, 2019, 9:07 PM EST

Independent advisory firms plan to increase digital marketing budgets this year


By Ellie Zhu James Gallardo

Over the past 10 years, independent advisory firms have slowly integrated new technology solutions into their business models. Most firms now have their core tech stack in place: 85% are using a CRM system to manage customer relationships; 83% are using financial planning software to devise investment plans that meet their clients' needs; and 69% are using portfolio management tools. While these investments are nearing universal adoption rates, many firms are increasingly thinking about products used less frequently, particularly digital marketing solutions.InvestmentNews fields a biannual benchmarking study measuring technology management, spending, usage and strategy trends among independent advisory firms. This year, our focus is on best practices for building a better client experience through improved digital touch points and a sound technology strategy. For the first time, we gauged usage and spend projections for digital... Read full post

Feb 8, 2019, 9:12 PM EST

When evaluating technology, advisers increasingly focus on the client experience


By Ellie Zhu Matt Sirinides

Our 2019 Adviser Technology Study, sponsored by TD Ameritrade and Laserfiche, is now open; advisory firms interested in leveraging competitive benchmarking intelligence around their technology can take the survey by clicking here.Technologies that place the end-client experience at the forefront of design and business strategy have long been a staple of consumer technology giants, but for independent advisories, firm partners and their technology decision-makers, paying close attention in this area is a recent phenomenon. Advisers have increasingly been turning their primary focus away from building a better back office and have begun improving their digital touch points with current and prospective clients in earnest, according to our in-progress adviser technology research. While there is still plenty of progress to be made in the areas of adviser adoptions, service efficiencies and data integrations, the end-client investor... Read full post

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