Almost one-fifth of advisers are considering a move to independence, according to Cerulli Associates.
Tag: Business model
Independent broker/dealers (IBDs) say recruiting is important—but the competition for advisers is high.
In the last six months, 60% of surveyed independent registered investment advisers (RIAs) reported an increase in clients, many of which are coming from broker/dealers and wirehouses.
Three independent broker/dealers (IBDs) control an overwhelming share of managed account assets in the independent channel, according to data from Cerulli Associates.
Retirement plan advisers, like the adviser industry as a whole, will be driven by regulatory trends and see a move toward fee-based compensation, according to TowerGroup.
Wirehouse advisers seem to like the idea of going independent—but few actually do it.
Brokers are receiving incentives to switch firms, and the independent route is looking more attractive, according to research from Fidelity Investments and National Financial.
The growth of the dually registered adviser mirrors a trend toward incorporating more financial planning in the adviser industry.
Since 2006, the average number of annual deals among registered investment adviser (RIA) firms rose 37% in the last two years, to 48, and the increase in acquisitions shows long-term signs of sustainability, according to a new study.
In addition to facilitating administrative and fiduciary functions, retirement plan data can help plan administrators decide on value-added plan features and services.
The number of fee-only financial advisers has been relatively flat in recent years - there are 10,466 Securities & Exchange Commission registered fee-only financial advisers – but the number will increase to 27,000 by 2012, according to research from Tiburon Strategic Advisors.
US Fiduciary, Inc. (USF) has rolled out a new pricing strategy for wirehouse advisory teams going independent.
UBS Wealth Management Americas has announced plans to develop and grow its Corporate Employee Financial Services (CEFS) business.
According to representatives from LPL, National Retirement Partners, and Raymond James, retirement plan advisers working in the independent channel will have many opportunities to broaden their businesses in the future.
Although there will always be a market for the wirehouse adviser, particularly due to brand recognition, the changing retirement landscape calls for some tweaking of the wirehouse model, commented panelists at PLANADVISER’s National Conference in Orlando, Florida this week.
Why be independent? And, when going independent, what business model is right for you?
An increasing menu of product choices and the growth in number of independent registered investment advisers (RIAs) are driving product providers to be more consultative, according to the latest Cerulli report.
Independent advisers claim that new clients who previously worked with brokers lack proper planning documents.
In conjunction with Moss Adams LLP, a provider of management consulting services to advisory firms, Schwab Institutional has released two reports to aide independent investment advisers with organization and business development, the leading barriers to firm growth.
Schwab Institutional is expanding its offering to help financial advisers leaving traditional financial companies to go it alone.