Wealth Management

OCTOBER 11, 2022

The new teams come from Private Advisor Group, Raymond James and New York Life subsidiary Eagle Strategies.

Recruitment 134

Recruitment Assets 134

Wealth Management

JULY 28, 2023

Aspiriant, Key Private Bank and Merrill Lynch lost advisors to Manhattan West and Steward Partners in moves announced this week, while F.L.Putnam expanded in Maine.

Recruitment 96

Recruitment Assets Banking 96

Wealth Management

FEBRUARY 22, 2023

During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer.

Recruitment 98

Recruitment Assets Taxes 98

Wealth Management

DECEMBER 5, 2023

The alts-focused investment manager reorganizes to expand affiliation options and welcomes three recruits with more than $560 million in assets.

Recruitment 111

Recruitment Investing Investments Assets 111

Wealth Management

OCTOBER 18, 2023

A year after announcing it would leave Raymond James and restructure from an OSJ to a hybrid, multi-custodial RIA, Concurrent says it recruited more than $1 billion in assets and added Schwab as a custodian.

Recruitment 107

Recruitment Assets 107

Wealth Management

MARCH 28, 2023

As its multi-custodial strategy bears fruit, Steward Partners has recruited Ensign Wealth Partners from Wells Fargo Advisors Financial Network, bringing the firm's total assets with Pershing to over $1 billion.

Recruitment 109

Recruitment Assets 109

Abnormal Returns

NOVEMBER 21, 2022

(riabiz.com) Retirement Why retirees should include Social Security into their asset allocation. wsj.com) Advisers How to recruit, train and retain next generation advisers. morningstar.com) Delaying taxes in retirement isn't always the best strategy. thinkadvisor.com) It's hard to make the case for IRA contributions later in life.

Asset Allocation 147

Asset Allocation Financial Planner Recruitment Financial Advising 147

Wealth Management

OCTOBER 28, 2022

While securities volatility lead to slightly lower total assets and soaring cash balances, LPL's earnings report showed strong quarterly recruiting, pulling in $13B in new money and adding 173 advisors.

Recruitment 104

Recruitment Marketing Marketing Assets 104

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.

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 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

Diamond Consultants

AUGUST 23, 2023

On the one hand, as the largest global wealth manager, the firm boasts an internationally renowned brand, a sophisticated investment, trust, and lending platform, and a more boutique feel than its direct competitors. UBS’s withdrawal from the Protocol for Broker Recruiting in 2017 further validated this theory.

Recruitment 52

Recruitment Wealth Management Clients Communication 52

Nerd's Eye View

APRIL 4, 2023

Marc is the Founder of Fairhaven Wealth Management, an independent RIA based in Wheaton, Illinois, that oversees more than $1 billion in assets under management for 450 client households. Welcome to the 327th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Marc Horner.

Financial Advisor 130

Financial Advisor Marketing Marketing Recruitment 130

Diamond Consultants

APRIL 12, 2023

The natural order is being tested in the wealth management industry. Imagine a horizontal line on an otherwise blank sheet of paper: This line represents the wealth management industry landscape. Clients are more concerned than ever (and rightfully so) about the safety and security of their assets.

Banking 52

Banking Wealth Management Recruitment Clients 52

Diamond Consultants

JUNE 14, 2023

When advisors evaluate wealth management firms, there is a series of items they are (rightfully) concerned with above all else. Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited? Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Economics Clients 52

Diamond Consultants

MARCH 14, 2023

In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria For all of the time, energy, effort, and money that firms spend on recruiting advisors, there’s one critical question they often neglect to address. After all, more assets mean more revenues for everyone—advisors included.

Financial Advisor 59

Financial Advisor Recruitment Clients Compliance 59

Diamond Consultants

MAY 3, 2022

There’s been an interesting shift in movement amongst one sector of wealth management: private bankers. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks.

Banking 52

Banking Wealth Management Commission Assets 52

eMoney Advisor

DECEMBER 15, 2022

That’s because the advisors expected to retire control 40 percent of total industry assets, or roughly $10.4 Compensation for financial advisors can be challenging to calculate, especially because of the widespread model of being paid based on assets under management, which can fluctuate with the markets. Kitces.com.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Diamond Consultants

JUNE 28, 2023

First, UBS left the Protocol for Broker Recruiting. Wells offered them the ability to have a unique brand on their website, a custom-built space, and demonstrated through the recruitment process that management could remove obstacles more easily than they experienced at UBS. But things started to change at the firm.

Compliance 52

Compliance Recruitment Compensation Planning Clients 52

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. He founded Carson Group in 1983, which now has over $15 billion in assets under advisement.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. He founded Carson Group in 1983, which now has over $15 billion in assets under advisement.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 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. Yet some 26% of advisors still do not have a succession plan in place.

Retirement 52

Retirement Recruitment Planning Wealth Management 52

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He’s a member of the management committee. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. At the end of 2008, we owned a lot of illiquid assets.

Assets 286

Assets Clients Investing Investments 286

SEI

SEPTEMBER 17, 2022

So when you look at the company as a whole, a substantial portion of our revenue is related to wealth management processing or occurring on SWP. Maybe we can touch base on your asset management distribution business. Maybe if you can just comment on your advisor recruiting efforts. Rajiv Bhatia: Got it.

Clients 49

Clients Assets Banking Planning 49

Sara Grillo

SEPTEMBER 26, 2022

The debaters are: Robert Wright, CFP®, a financial consultant with Advocacy Wealth Management. Prior to joining Advocacy Wealth Management in 2022, Robert served in a variety of positions at Fidelity Investments and Morgan Stanley as a Financial Consultant. Robert will be on the “for” team. Scott Salaske of Firstmetric.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

The Big Picture

APRIL 25, 2023

Now, full disclosure, Ritholtz Wealth Management has been around a decade. And I said, I really think that we would be able to do a great job for our RIA clients, for our wealth management clients, by having this consulting firm, and they rejected the idea. They’re almost a billion dollars in assets.

Compliance 152

Compliance Wealth Management Clients Management 152

The Big Picture

MAY 2, 2023

I was working at UBS in wealth management. I was in wealth management at UBS, and this was 2008 when Lehman collapsed, and the world effectively imploded, certainly for people of my age who had no authority at all. Cars are so much more expensive to maintain as a collectible asset, it’s remarkable.

Retail 161

Retail Insurance Advertising Numbers 161

The Big Picture

MAY 16, 2023

Why wouldn’t you, you can buy a fintech assets for 90, 90 cents off the dollar. So the VCs were like, we got to go after the assets under management. Josh Brown is the partner at Ritholtz Wealth Management, but for you, I never would have met Josh. No, there’ll be a roll up. Good, good, good job.

Media 278

Media Investing Investments Valuation 278