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 their corporate headquarters in giant block letters. They are a...
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:
In my blog “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:
Shirl Penney, CEO of Dynasty Financial Partners, created a flap in the wealth management industry last week when he warned advisors joining private equity (PE)-backed Registered Investment Advisors (RIAs) about the possible negative influences of such ownership. .
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?
Well, what are the some of the first things that come to mind when you...
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 factor that attracts breakaway advisors to the independent channel.
What is your biggest challenge operating at a wirehouse?
- Changes in compensation?
- Insufficient staffing support?
- Firm culture?
“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 digit percentages, while RIA’s are growing at high single digit...
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. 
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 is a nagging awareness in the back of his brain that not everything in...
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 for Goldman Sachs. How must those advisors feel about that?
“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.
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 of diversification are certainly not new in the investment community....