Selling Your Advisory Practice? It Might Be Worth Less Than You Think
Advisors trying to sell their practices "are overly optimistic about the enterprise value of their businesses," Cerulli says.
End the ChFC vs. CFP War: An Open Letter to American College CEO Bob Johnson
The American College should reposition itself to support the emerging need for deeper post-CFP specializations and niche educational programs for financial advisors.
Yet Another Reason Why Internal Successions Are Best
Advisors are counting on an external sale (eventually) to fund their retirement, but in our experience the best exit strategy is an internal succession plan.
Morgan Stanley Sees Bank Programs as Key to Growth: Porat
The firm's CFO says managed accounts and lending should help it boost results going forward.
Financial Firms Target Investors' $3.4 Trillion Cash Holdings: Cerulli
New research from Cerulli Associates finds there is still high interest in traditional banking services over alternative and other investments.
Edward Jones to Fund Series 7 Course for College Students
The firm will pay to add this course to 10 universities that offer a financial planning sequence, starting with Kansas State University.
Managed Accounts: Next Up for Reform?
The recent GAO report on 401(k) managed accounts raised some pretty serious questions about their worthiness.
American Century Hires Former Goldman Exec as Global Products Chief
The Kansas City, Missouri-based fund family taps Glen Casey to expand products and sales.
U.S. Alt Mutual Fund Asset Market Share to Double by 2015: Cerulli
Alt funds' share of total mutual fund assets is expected to grow to 14% in 10 years from 3% today.
Wirehouse Bleeding of HNW Assets Stabilizes: Cerulli
For the first time in recent memory, wirehouses are retaining their share of assets, including those of high-net-worth investors.