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.
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.
Most Advisors Don’t Know Their Own Fees
Nearly two-thirds of advisors underestimate their fees by more than 30 basis points, a survey by Peak Advisor Alliance and Cerulli found.
IRA Rollovers Up 7% in 2012, Keep On Rising: Cerulli
In 2013, Cerulli estimates, rollover contributions grew another 11%.
Top 8 Trends for Asset Managers in 2012: Cerulli
Despite market turbulence, asset managers in the U.S. and around the globe have emerged more focused than ever, says Cerulli in its 'Top Trends to Watch in 2012' report.
Wirehouses to Lose 8% in Market Share, Average AUM Up 10%: Cerulli
Cerulli reports that wirehouse broker-dealers had 43% of industry assets in 2010, an estimated 40% today and an expected 35% by 2013 – representing an 8% decline.