Abnormal Returns

NOVEMBER 21, 2022

riabiz.com) Retirement Why retirees should include Social Security into their asset allocation. morningstar.com) Delaying taxes in retirement isn't always the best strategy. wsj.com) Advisers How to recruit, train and retain next generation advisers. riabiz.com) CI Financial ($CIXX) is planning to spin-off its U.S.

Financial Planner 147

Financial Planner Asset Allocation Recruitment Financial Advising 147

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. So I applied to Maryland State retirement. The acronym for the Hawaii Investment Employ Retirement System or, or words to that effect.

Assets 147

Assets Management Investments Investing 147

The Big Picture

APRIL 29, 2025

This is Masters in business with Barry Ritholtz on Bloomberg Radio 00:00:17 [Speaker Changed] This week on the podcast, Jeff Becker, chairman and CEO of Jenison Associates, they’re part of the PG Im family of Asset Managements. Jenison manages over $200 billion in assets. Each of these asset managers had A-A-C-E-O.

Management 130

Management Assets Portfolio Insurance 130

Diamond Consultants

JUNE 1, 2023

And certainly, there are plenty of firms out there that have identified the right combination of exceptional client service, smart recruiting and strategic growth initiatives—making them attractive acquisition targets. But what of the advisor who is an employee of a traditional brokerage firm? lies in these illustrations.

Valuation 98

Valuation Recruitment Retirement Distribution 98

Diamond Consultants

SEPTEMBER 10, 2024

On paper, enhanced succession plans like Merrill’s recently announced CTP, are a no brainer for both retiring and inheriting advisors alike. Merrill is not alone in offering a retire-in-place program such as CTP. Notably, there are pros and cons to these deals for both retiring and next gen inheriting advisors.

Retirement 52

Retirement Recruitment Clients Compliance 52

Nerd's Eye View

SEPTEMBER 28, 2022

Joe is a Partner and Head of Goldman Sachs Personal Financial Management, a national wealth management firm within Goldman Sachs which oversees more than $100 billion in assets under advisement for tens of thousands of client households. My guest on today's podcast is Joe Duran.

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 130

Diamond Consultants

JANUARY 23, 2024

5 reasons why advisors are forgoing what was designed to be a no-brainer deal In recent years, the four wirehouses (and many regional and boutique firms, as well) have rolled out enhanced “retire-in-place” or “sunset” programs for their advisors, such as Merrill’s CTP, UBS’s ALFA, and Morgan Stanley’s FAP.

Retirement 59

Retirement Recruitment Clients Economics 59

Diamond Consultants

APRIL 22, 2025

Consider, for example, a sole practitioner advisor who is retiring within three years. They might move to a W-2 firm if that firm can provide a quality successor, and it would come with the added benefit of a lucrative recruiting deal and sunset package.

Compliance 52

Compliance Recruitment Engineering Economics 52

Diamond Consultants

MAY 17, 2022

In their recent study, The Impending Succession Cliff , Cerulli reported that more than one-third of advisors are expected to retire within 10 years, setting up the transition of nearly 40% of assets. Succession planning has become one of the hottest topics in the industry and a leading driver of advisor movement.

Retirement 52

Retirement Planning Recruitment Wealth Management 52

Diamond Consultants

OCTOBER 23, 2024

recruit advisors. In addition to recruiting deals, many firms also offer sunset or retire-in-place packages that afford advisors a second bite at the proverbial apple without the need to make another transition down the road. Asset portability and retention are required to realize the majority of deal economics.

Recruitment 72

Recruitment Assets Wealth Management Taxes 72

The Big Picture

FEBRUARY 21, 2023

If you think about what Vanguard is all about, we sit there each and every day, figuring out how do we help people retire better, put their kids through college, afford that dream home? If you looked at our ETF assets, at that time, less than half of them actually would have been considered lowest cost in the industry. RITHOLTZ: Wow.

Clients 279

Clients Investments Investing Retirement 279

eMoney Advisor

DECEMBER 15, 2022

Here, we take a look at projected job growth for financial advisors, the predicted wave of retirements, the demographics of financial planners, and more. A Wave of Retirements Expected. Over the next decade, more than a third of advisors (37 percent) are estimated to be retiring, according to a 2022 Cerulli Associates study.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

The Big Picture

MARCH 4, 2025

Melissa Smith : So I definitely thought that I was gonna work in the public sector when, when I’m recruiting at JP Morgan I always, you know, get the question sort of how did, how did you get into investment banking? JP Morgan’s public finance team recruited specifically at the policy school. What was the original plan?

Banking 130

Banking Economy Startup Marketing 130

Diamond Consultants

JANUARY 10, 2023

While many veteran advisors struggle with the thought of their eventual retirement and succession, the dearth of young advisor talent to fill the ranks compounds the concern. And while these retire-in-place programs are one way to monetize your business at day’s end, they are certainly not the only way.

Recruitment 59

Recruitment Financial Advisor Planning Retirement 59

Diamond Consultants

JUNE 14, 2023

Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited? Does the firm have a built-in retire-in-place or sunset program? In fact, at some firms, advisors’ grid payments are supplemented or reduced based in part on asset and client growth.

Recruitment 52

Recruitment Wealth Management Clients Economics 52

Diamond Consultants

MAY 3, 2022

By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. In almost every instance of a move by a private banker, there is a significant amount of assets that will need to be left behind. Be realistic about the strength of your team.

Banking 52

Banking Commission Wealth Management Assets 52

Brown Advisory

MAY 30, 2018

Rye Barcott, a retired U.S. Those high-performing environments also help to recruit the best and brightest talent. It should not be assumed that investments in such securities or asset classes have been or will be profitable. Marine, views public service through the lens of his military experience. He sees U.S.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

Brown Advisory

MAY 30, 2018

Rye Barcott, a retired U.S. Those high-performing environments also help to recruit the best and brightest talent. It should not be assumed that investments in such securities or asset classes have been or will be profitable. Marine, views public service through the lens of his military experience. He sees U.S.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

Good Financial Cents

JULY 11, 2022

If you’re unsure what multi-level marketing is, it’s a term used to describe any business model that rewards people for sales and recruiting others to work beneath them. Another way to make your earned income work for you is to invest it in assets that will generate passive income. 4) Royalties – Royalties from books, inventions, etc.

Financial Advisor 116

Financial Advisor Accounting Insurance Media 116

Clever Girl Finance

APRIL 29, 2024

Start a side gig for extra income We could all use a little extra cash, whether to pay down debt, increase savings, achieve a financial goal, or retire earlier. Contribute more to your retirement accounts There’s no rule that you have to wait until you’re 65 or older to retire. Haven’t started a retirement account yet?

Budgeting 86

Budgeting Retirement Planning Food 86

Clever Girl Finance

JUNE 22, 2023

In other words, they don’t reflect deductions like taxes, insurance, or retirement contributions. If you aim to retire early and set aside a significant portion of your income toward retirement savings, you may need a higher income. Making contributions to retirement accounts to secure your future financial independence.

Budgeting 55

Budgeting Taxes Healthcare Retirement 55

The Big Picture

AUGUST 15, 2023

And so alongside of Wall Street recruiting in my senior year, I interviewed at the Yale Investments Office and was fortunate to get that job and violated the two principles I had at the time, which was I wanted to be in a training program and I wanted to leave New Haven. So I think selecting managers in any asset class has that two pieces.

Management 130

Management Investments Investing Government 130

SEI

SEPTEMBER 17, 2022

So it kind of seems like that the retirement of Trust3000 is a long ways away. Maybe we can touch base on your asset management distribution business. So we've de-risked a little bit that business from one or two clients being the dominant providers of assets. Maybe if you can just comment on your advisor recruiting efforts.

Clients 49

Clients Assets Banking Planning 49

Inside Information

MAY 30, 2023

In the more comprehensive surveys, you will see the percentage or dollar revenues collected by each BD on annuity, life insurance and other product sales, vs. fees (defined by asset management fees, shared between the reps and the broker-dealer).

Communication 40

Communication Sales Insurance Compliance 40

Good Financial Cents

APRIL 19, 2023

When you look at the wealthiest investors across the globe, one of the most common assets they own is real estate. The idea of passive income is to supplement, augment or get you out of your job so you can retire, travel, or spend more time with loved ones. Now let’s get started. Passive Income is all about protecting your time.

Accounting 105

Accounting Investments Investing Media 105

The Irrelevant Investor

AUGUST 17, 2015

Tiger had gone from a peak of $21 billion in assets in August 1998 to $9.5 He announced that Quantum was down 21 percent for the year and that assets at Soros Fund Management had fallen by $7.6 By the time Simons retired, in 2009, he had become a billionaire many times over. billion was yanked away from Robertson. 28 Whereas D.

Marketing 52

Marketing Marketing Assets Recruitment 52

The Big Picture

FEBRUARY 12, 2024

So then I just started interviewing with companies as they came on, on the, on-campus recruiting to see what, what I could find. They were getting flows of retirement money on a continued basis. So I applied to half a dozen of the best programs. 00:03:03 I got rejected at all of them really.

Management 294

Management Investing Investments Economy 294

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry. And I think you will also.

Assets 299

Assets Clients Investments Investing 299

The Big Picture

NOVEMBER 22, 2022

Venture capital, private equity, just were not recruiting for those spaces. And so they stood up a firm called AltFinance, whose main purpose was to help alternative asset managers tap into that rich pool of potential hires. Wall Street has been pretty bad at recruiting black talent. RITHOLTZ: I’m excited to chat with you.

Recruitment 147

Recruitment Engineering Banking Investments 147

The Big Picture

JULY 26, 2022

All-in, you’re $8 billion in assets totally. It might be a management team that wants to retire, or exit. It’s always the transaction that the seller wants to do is they want to retire. I mean, I don’t — RITHOLTZ: So this is really devious recruitment. WEAVER: And you can overpay for any asset.

Consulting 298

Consulting Numbers Management Investing 298

The Big Picture

AUGUST 29, 2023

And your bio explains how you were recruited to Vanguard. So there’s been a big push for folks to get the appropriate level of asset allocation in a highly diversified, low cost way. RITHOLTZ: So let’s talk about that. I thought that was a really interesting story. Tell us a little bit about what brought you to Vanguard.

Portfolio 130

Portfolio Investments Investing Numbers 130

The Big Picture

JUNE 7, 2023

And that is why you’re seeing the massive increase in multi manager assets and those assets have more than doubled since 2017. And I as I as someone who has been recruiting in this industry for the past 20 years with my team and we’re working with the biggest, most successful funds in the world, it’s tough.

Management 277

Management Investments Investing Economics 277

The Big Picture

OCTOBER 24, 2022

They advise or directly manage about $250 billion in flying assets. BLS recruits, just like all other organizations, recruits at college campuses. RITHOLTZ: So how do you find your way from economist to analyst to asset manager? RITHOLTZ: You said, I know, I want to run assets. How did that transition happen?

Portfolio 130

Portfolio Management Assets Investments 130

Diamond Consultants

MARCH 13, 2024

Even leading industry reports reflect a pattern of impending demise for the wirehouse channel: In a 2023 report , Cerulli stated, “By 2027, independent and hybrid RIAs will control about one-third of the intermediary market, continuing the trend of advisors and assets moving to these channels.”

Recruitment 52

Recruitment Wealth Management Retirement Clients 52

The Big Picture

JULY 18, 2023

WAGNER: Yeah, I started as a certified public accountant and one of the early engagements that I was tasked with was in the space of asset management and I recall doing the audit on Jeffrey Vinik’s very first year as a hedge fund manager. And you know, Metromedia, great example, they had the valuable assets in the cities.

Investments 130

Investments Investing Assets Insurance 130

Indigo Marketing Agency

JANUARY 24, 2024

He founded Carson Group in 1983, which now has over $15 billion in assets under advisement. Taylor is another power icon in the financial world, hosting two top-ranking podcasts: Experiments in Advisor Marketing and Stay Wealthy Retirement Show. billion in client assets. You can follow him on X (Twitter) here.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

The Big Picture

AUGUST 8, 2022

So, you got your assets whatever they are. But then the question is how do you fund those assets. Now does the FDIC even know how much risk they’re bearing 0 when all the assets are so encumbered that they’re all pledged as collateral? But –and netting of derivatives and all of that. They don’t have collateral.

Banking 204

Banking Government Insurance Taxes 204