Indie BD Reps Most Likely to Outsource Model Portfolios: Cerulli
Advisors making their own investment decisions increases potential liability for broker-dealers under the DOL fiduciary rule.
Advisors Must Tell Clients About Their Robo Use, State Regulator Says
Advisors must disclose to clients when they use robo platforms and what services those platforms provide, Commonwealth Secretary William Galvin of Massachusetts says.
U.S. advisor population grows, but 'succession cliff' looms
Cerulli reports the first headcount rise in nine years, but projects a decline after 2020.
Cerulli sees 2,500 percent jump in robo assets in next 5 years
"Low-minimum, low-cost portfolios, coupled with consumers’ expanding interest in passive investing will fuel this growth," Cerulli's Tom O'Shea says.
IRA assets expected to hit $12 trillion by end of decade
IRA rollovers (traditional, Roth, employer-sponsored) were part of a Cerulli Associates study that revealed some intriguing statistics.
For 401(k) plan participants, performance & balance are key
Participants in 401(k) plans need to start viewing their 401(k) as a major component of their retirement “pension."
Focus on retirement income, not investment return
The only participants who were more focused on how their balance would translate into income were those in the 60–69 age range.
RIA Growth Secret: ‘Create a Story That Sells Itself’
Firms discuss how moving from the wirehouses to independence brought rapid growth.
Advisor Headcount Falls 5 Years in a Row: Cerulli
While total numbers fell, RIA and hybrid channels added advisors and are expected to keep growing over the next five years, the research firm says.
Cerulli finds ETF performance in Asia lacking in 2014
ETF assets under management hit $159.5 billion, a 1.4 percent rise over the $157.3 billion recorded in March of 2014.