At the same time, more demand for financial advice has many retirement plan advisers looking to stay in the business
The leadership and ownership structure of the firm, which advises on more than $225 billion in client assets across endowments and foundations, retirement plans, private clients and financial institutions, will remain the same.
Firms say adding diverse advisers will help their businesses grow and help them attract new customers.
Its new PracticeLab will include regular webinars with financial planning specialists at the firm.
Many say the new regulation permitting endorsements and testimonials in adviser advertisements brings it up to current consumer standards.
Some say they are returning to the office on a very limited basis to maintain space between individuals.
With online advertisements, advisers have an opportunity to reach younger people who are interested in finance topics.
A Broadridge webinar evaluated the impacts of successful virtual advising in 2020, and explored which digital outlets financial advisers are focusing on in 2021.
2020 was an extraordinary year, in ways we likely have yet to fully understand, and 2021 is proving to be a worthy successor. Join us for a one-day digital seminar on March 24, where we will explore key lessons learned from this extraordinary time for the retirement planning industry.
Data from Echelon Partners shows the number of adviser or adviser team ‘breakaways’ declined by nearly 20% in 2020 versus 2019. However, 2019 set the record for breakaway activity.
The average deal size grew significantly, as new players have flocked to the retirement advisory and wealth management industry over the past year.
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
Though the whole year and the final quarter, especially, have already delivered impressive numbers, there are expectations that some additional major transactions could soon be announced.
Advisers who have actively reached out to clients say they have been able to maintain them.