New Hire Roundup: McGinness Joins Envestnet as Managing Director
Meanwhile, Behringer announced that Robert Aisner will transition from his position as CEO and president to become chairman.
Female FAs Tired of Playing Musical Chairs: Ann Hughes
Recruiting existing female advisors is simply a game of musical chairs. Ann Hughes, consultant-with-a-mission, says it's time for a new game.
Schwab, Vanguard Threaten Robo-Advisors’ Existence: Cerulli
The entrance of Schwab and Vanguard into the robo-space will make it difficult for existing eRIA firms to compete, says a Cerulli report.
The Changing Face of Wealth Management
Wealth management now and in the future will be as different as the makeup of the (changing) wealthy. It will also be very similar.
For Product Providers, Wirehouses Still Rule: Cerulli
Though wirehouses' market share is declining, they still hold the biggest share of assets, so product providers must adapt to their changing needs, Cerulli says.
Many HNW Investors Call Themselves ‘Self-Directed,’ Despite Complex Portfolios
Almost 30% of high-net-worth investors consider themselves self-directed, a survey from Cerulli Associates found.
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.
Asset Managers ‘No Longer Playing Defense’: Cerulli
Firms are solidly out of financial crisis mode and are looking to hire sales staff and develop new products, Cerulli finds.
Sustainable Investment Assets Grew by 76% From 2012 to 2014
A foundation’s research looked at 480 U.S. institutional investors, 308 money managers and 880 investment institutions that applied SRI strategies.