The Mission-Driven Advisor: Why The Exodus from the Wirehouse?

Posted by Jeff Thomas on August 26, 2019

“Let My People Go”

These are likely the four best-known words from the Book of Exodus uttered from Moses to Pharoah.

Over the last several years, wirehouse headcount has been falling in the single...

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The Mission-Driven Advisor: Autonomy

Posted by Jeff Thomas on August 26, 2019

Are you a wirehouse advisor that desires greater autonomy?

If so, you are not alone.  According to Cerulli's "U.S. RIA Marketplace 2018" report, the desire for greater autonomy is the number one...

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What is Your Biggest Challenge Operating at a Wirehouse?

Posted by Jeff Thomas on August 20, 2019

What is your biggest challenge operating at a wirehouse?

  • Changes in compensation?
  • Insufficient staffing support?
  • Firm culture?
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Do You Really Want to be a Financial Advisor?

Posted by Cale Dowell on July 15, 2019

One of the most common questions we receive from young professionals is, “how do I make the jump to being a Financial Advisor?”

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The Mission-Driven Advisor: Is the Grass Really Greener for RIAs?

Posted by Jeff Thomas on July 10, 2019

Is the grass really greener for RIAs?  According to a recent article in Financial Advisor magazine, the answer is a resounding “Yes”, according to brokers. [1]

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What does the SEC’s passing of “Regulation Best Interest” have to do with you?

Posted by Jeff Thomas on June 19, 2019

Here’s what SEC Commissioner Robert Jackson, Jr., said about the Regulations’ passing:

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Complete Representation: Do you really want to know?

Posted by Cale Dowell on June 13, 2019

What if I told you that the world you live in as a financial advisor might be a façade? 

If you've seen "The Matrix", you know that the story begins with the hero living a normal life. But there...

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The Mission-Driven Advisor: Why Should United Capital's Sale to Goldman Sachs Matter to You?

Posted by Jeff Thomas on June 6, 2019

Goldman Sachs announced they were buying 14 year old RIA, United Capital, for $750 mm in cash on May 16, 2019.  The 220 advisors who sold to the independent RIA, United Capital, are about to work...

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The Mission-Driven Advisor: Are You a Fiduciary 100% of the time?

Posted by Jeff Thomas on May 31, 2019

Are you a fiduciary 100% of the time?”

 

How do you answer that question when clients or prospects ask it?

It was a question I used to dread as an advisor at the wirehouse. 

 

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What Do You Mean by "The Chick-fil-A of Wealth Management"?

Posted by Jeff Thomas on January 14, 2019

When we describe our company to financial industry folks, we often use the shorthand description that we are building “the Chick-fil-A of wealth management”.  But, what does that mean exactly?

...

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Money Talks: Does Culture Matter?

Posted by Cale Dowell on October 26, 2018

Peter Drucker, the great American management educator, is famously quoted for the phrase, “Culture eats strategy for breakfast.” A friend of mine has that quote immortalized on the central wall of...

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Who Does Your Financial Advisor Really Represent?

Posted by Jeff Thomas on October 19, 2018

In my recent blog entitled “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:

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Market Update 10/15

Posted by Ethan Pollard on October 16, 2018

At market close on October 15th, the S&P 500 index was down about -6.5% from its peak last month, and last Wednesday’s -3.2% loss was the largest decline since February. In fact, many of the same...

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Three Dials Deep Dive: Economic Fundamentals

Posted by Ethan Pollard on October 9, 2018

In an effort to help clients and the general public to understand our investment methodology, this post is the second in a three-part deep dive into each of our firm’s Three Dials, which serve as...

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2018 Third Quarter Market Commentary

Posted by Ethan Pollard on October 5, 2018

With Q3 in the books, we find ourselves looking back on another quarter where US stocks outperformed all other assets, and portfolio diversification is again on trial. The debate over the merits...

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What do you mean the wealth management business needs to "grow up"?

Posted by Jeff Thomas on October 3, 2018

In my blog entitled “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:

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The Three Mega-Trends in the Wealth Management Business

Posted by Jeff Thomas on August 9, 2018

“The model is broken!”

For years, that’s what I said about the wealth management business.

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Sustainable Investing: Treasure the Human Factor

Posted by Peter Roselle on June 14, 2018

I’m a big fan of the movie “Sully”. Since I live and work near NYC, I’m often reminded of the “Miracle on the Hudson” whenever I’m near the river. My most memorable scene from the movie is when...

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