Why This Is a Good Time to Be an Advisor, of Any Age
This is our annual Careers supplement, and in the pages that follow we deliver what I humbly believe are a number of articles that you will find useful in planning and executing a more successful career.
Number of RIAs Up 8% Annually Over 8 Years, Other Channels Decline
Cerulli report says breakaway brokers, lawyers and accountants fueled RIA growth in an otherwise “shrinking industry.”
Alternative Mutual Fund Assets to Reach 14% in 10 Years: Cerulli
It’s well-known that allocations to alternatives are growing at startling rates, but putting numbers to the inflows make them all the more startling.
Cerulli: Institutional Market to Grow to $19 Trillion in 5 Years
30% rise fueled by DB to DC migration, research firm says.
Cowabunga! Testing the Active ETF Wave
Actively managed ETFs are a fast-growing niche, rife with benefits and challenges.
Mission: Train Future Independents
Independent advisor Pamela Rigsby in Raleigh, N.C., was talking about the 24-year-old FA trainee she hired 18 months ago:
“I tell clients she’s a taller, thinner, younger, smarter me!” says Rigsby, 46, jovially. “She’s knocking it flat-out [of the park]. She’s doing the numbers. Headhunters call her all the time.”
Recruiting Trends: Is Now a Good Time to Move?
Before you go independent or switch firms, consider these job-market factors.
Next-Gen Advisor Crisis: Numbers to Shrink by 2017, Cerulli Says
Since peaking in 2005, industry headcount has declined by more than 32,000 advisors.
Institutions Using More Hedge Funds Since Lehman Crash
Rarely thought of as risk reducers by the general public, hedge funds are a big draw for institutions seeking to, well, hedge.
Trillion-Dollar Asset Managers Rule Global AUM: Cerulli
The world’s largest money manager, BlackRock, is still the only global asset manager with assets in excess of $3 trillion, according to Cerulli.