Workers Rely on 401(k) Providers for Retirement Advice: Cerulli
As retirement plan participants age, they rely less on family and friends for advice and more on financial advisors and planners.
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.
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.”
RIAs Again Fastest-Growing Channel in Wealth Management
The industry as a whole has finally returned to its pre-crisis asset levels, Aite Group found.
On Dodd-Frank’s 2nd Birthday, Should Investors Celebrate?
Individual investors have not witnessed dramatic regulatory changes favoring investors over the past two years, but they seem to be voting with their assets, moving them more toward fiduciary advisors.
Indie Broker-Dealers Face Struggle to Survive: Cerulli
The things that advisors love about independent broker-dealers also give rise to the problems that make survival difficult in the channel, according to a Cerulli report.
New Hire Roundup: Lynch Joins ByAllAccounts Board; Mariner Names Greiner CIO
This week in new hires, Matt Lynch joined ByAllAccounts’ board of directors; William Greiner became CIO at Mariner Wealth Advisors and FactRight brought in Scott Smith and Chris Bove.
Advisors Mistakenly Self-Identify as Financial Planners: Cerulli
Most advisors see themselves as financial planners, when the services they provide fall more into the investment planning category instead, a Cerulli survey finds.
Spectrem Identifies Rollover Opportunities
The amount of assets available for rollover increased 23% between 2007 and 2011, despite the financial crisis in 2008, a report by Spectrem Group found.
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.