Building Your Business
Explore the latest industry news and advice that can help financial advisors build and grow successful practices.
The Dead Horse Bounce. And Another Thing About Flat Fees…
By Bob ClarkWhy have the vast majority of independent advisors not adopted flat fees while those who did eventually switched back to AUM fees?
February 13, 2017
The Dumb Money Isn't So DumbRetail investors have moved from active to passive funds, from high to low cost, and from commission-based brokerage accounts to fee-based managed accounts.
February 13, 2017
Raymond James Adds $5M Morgan Stanley TeamThe four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
February 13, 2017
Growing RIA Grabs $160M Group in SoCalMercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
February 10, 2017
Here's how turning over rocks can reveal hidden prospectsThis is the story of how two hidden companies resulted in millions of dollars in sales business.
February 09, 2017
Morgan Stanley Grabs $4.6M Merrill TeamThe recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
February 09, 2017
Wells Fargo Said Likely to Withhold Bonuses for Top ExecsBoard said to near final decision after talks in January; move would reflect banks performance in year hit by scandal.
February 08, 2017
HighTower Nabs $1B Breakaway Duo in New York: Recruiting RoundupMeanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.