Conventional wisdom decrees that the preferred business model for wealth managers is to operate as an independent registered investment advisor without any broker/dealer ties. Indeed,...
These are interesting times for financial advisory firms: There is an oversupply of capital chasing an undersupply of sellers. The last time this scenario existed...
It turns out that the best advisory firms are also most effective at leveraging their employees' time, especially that of their principals. That's one of the main findings in a new Schwab Institutional white paper, Best-Managed Firms: It's About Time, that the custodian developed with Moss Adams LLP based on...
Advisor Summit Provides Management Instructions for Advisors
Managing a firm as it grows--whether it's still emerging or is already mature-- can be challenge, as many of the speakers at the 2006 Investment Advisor Summit noted. The fifth annual conference, hosted by Investment Advisor and Moss Adams, was held November 30 and December 1 at the Mandalay Bay...
Different Firms, Different Characteristics
"Competitive forces are reshuffling," the independent broker/dealers, but the 2006 FSI Financial Performance Survey of Independent Broker/Dealers finds an increase in revenue, the number of profitable firms, numbers of representatives, and margins, according to Philip Palaveev, senior manager at Seattle-based Moss Adams LLP, and research leader on this study.
Consider the Clients
Based on the number of queries that Moss Adams and Advisor Impact get each week from interested buyers, there is a tremendous demand for advisory...
What's the buzz at almost every industry conference these days? People and compliance. Neither is discussed with much fondness, since both subjects are raising the...
From Silo to Ensemble
Once upon a time, the financial planning industry was primarily made up of solo practitioners. They took root as independent firms in local communities, and...
Why Bigger is Better
What will the financial advisory practice of the future look like? No, we're not talking about George Jetson flying to work, and once there, finding...
Tear It Down to Build It Up
The financial advisory business is in the midst of an important transition: Advisors are starting to talk about the need to raise the bar for...