Nerd's Eye View

JUNE 23, 2023

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Financial Planner 221

Financial Planner Recruitment Compliance Financial Advisor 221

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

MARCH 13, 2024

Still, these folks value the turnkey nature of the firms, the vast platforms and resources, global brands their clients are comfortable with, and a like-minded group of peers. The deep pockets of the firms enable them to pay recruiting bonuses at the top of the market.

Recruitment 52

Recruitment Wealth Management Retirement Clients 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

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

Ballast Advisors

NOVEMBER 29, 2022

It’s common for businesses to court talented executives with a variety of perks, including signing bonuses, stock options, and nonqualified deferred compensation plans to supplement regular pensions and retirement savings. A third type of restrictive covenant is a nonsolicitation clause.

Recruitment 40

Recruitment Compensation Planning Clients Retirement 40

Nationwide Financial

DECEMBER 8, 2022

These diverse leaders will also discuss an innovative recruiting event recently hosted by FARE, which attracted HBCU students from across the country who envision a future for themselves in financial services. What does it take to attract top diverse talent to your firm?

Recruitment 52

Recruitment Financial Services Certification CFP 52

Harness Wealth

AUGUST 31, 2023

By adding another CPA to your company, you will, of course, be able to serve more clients, but it will also likely result in more administrative tasks. Strengths and Weaknesses: Are you more comfortable with client-facing work or the nitty-gritty of accounting? Your strengths can help you decide which tasks to delegate.

Taxes 59

Taxes Recruitment Accounting Budgeting 59

Diamond Consultants

DECEMBER 5, 2023

Increasing bureaucracy, rising compliance restrictions, diminishing freedom over investments, and client communications—just a few of the issues we hear about from advisors every day. For some, it may result from not having ready access to the holistic and high-end resources needed to land and retain HNW and UHNW clients.

Compliance 52

Compliance Clients Retirement Recruitment 52

Diamond Consultants

JUNE 14, 2023

Here are eight critical, yet less obvious, considerations: Client/Book Ownership: There are firms that write into advisor contracts that the advisors own the client books. Some are more vague, while others still explicitly state that the firm owns the end-client relationships. Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Economics Clients 52

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

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? And certainly for us, that has been a time to show up and answer the bell for our clients. And so it’s been a real rewarding time.

Clients 269

Clients Investing Investments Retirement 269

Diamond Consultants

NOVEMBER 15, 2022

For others, it’s about being left alone to freely serve clients as you see put. So what is leaving advisors mired with indecision and uncertainty about whether they are truly in the right place to serve clients and grow their business? I have too many clients.”. I just signed a retire-in-place agreement.”.

Financial Advisor 59

Financial Advisor Clients Recruitment Wealth Management 59

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. Know your value.

Recruitment 59

Recruitment Financial Advisor Compliance Retirement 59

Diamond Consultants

AUGUST 9, 2022

Many advisors dream of going independent for the freedom and flexibility to control their business, client service model, and bottom line. Plus, as larger teams make the move to independence, they need to be certain that they can support complex businesses and sophisticated clients without missing a beat. The End Game: Succession.

Compliance 59

Compliance Recruitment Clients Tax Planning 59

Diamond Consultants

JUNE 7, 2022

Ten years ago, if I asked a successful advisor in the prime of their career to explain their succession plan and glide path to retirement, they likely would have looked at me like I had three heads. Said advisor obviously has no trouble growing their book, take-home comp is robust, and their clients are largely content. Why would they?

Retirement 52

Retirement Recruitment Wealth Management Clients 52

Inside Information

DECEMBER 26, 2023

Recently, he wrote a whitepaper that predicted what I would interpret as a cybersecurity apocalypse where suddenly the bad guys successfully targeted advisors and stole from their clients. Hurley is running a new firm that advisors can subscribe to that would offer cyber protection to their clients.)

Wealth Management 40

Wealth Management Clients Management Numbers 40

Diamond Consultants

MAY 3, 2022

With garden leave, an advisor would need to “go dark” for potentially up to three months, leaving clients open to solicitation from the bank. This is driven by the depth and length of your client relationships, and most importantly, the genesis thereof. Be clear and conservative about the percentage of your business that is portable.

Banking 52

Banking Wealth Management Commission Assets 52

Inside Information

MAY 30, 2023

I completely get why they would tell this to credulous writers; the public has increasingly shifted away from any taint of ‘sales’ in an advisor relationship, and the concept of hiring an advisor who puts their clients’ interests first (even if most people don’t understand the term ‘fiduciary’) is an attractant.

Communication 40

Communication Sales Compliance Insurance 40

Indigo Marketing Agency

JANUARY 24, 2024

Samantha Russell Reason to Follow: A thought leader in financial marketing, empowers advisors to enhance client experiences and forge meaningful connections Samantha Russell is the Chief Evangelist at FMG Suite and Twenty Over Ten. billion in client assets. You can connect with Samantha on LinkedIn here.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

The Big Picture

NOVEMBER 22, 2022

Venture capital, private equity, just were not recruiting for those spaces. Wall Street has been pretty bad at recruiting black talent. RITHOLTZ: So is it safe to say that Wall Street, in general, but alternatives like private equity and venture capital, were not recruiting at historically black colleges and universities?

Recruitment 141

Recruitment Engineering Investing Investments 141

Indigo Marketing Agency

JANUARY 24, 2024

Samantha Russell Reason to Follow: A thought leader in financial marketing, empowers advisors to enhance client experiences and forge meaningful connections Samantha Russell is the Chief Evangelist at FMG Suite and Twenty Over Ten. billion in client assets. You can connect with Samantha on LinkedIn here.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 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. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.

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. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

The Big Picture

SEPTEMBER 19, 2023

Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. So I applied to Maryland State retirement. And we all had different backgrounds and different investment ideas and different clients like us clients are very different from clients in other countries. That sounds fascinating.

Assets 141

Assets Management Portfolio Investing 141

The Big Picture

MAY 9, 2023

SALISBURY: At the simplest level we manage money for our clients. Three main client segments. Institutional clients, our own private wealth clients, and then third-party wealth clients where we manage money on behalf of other wealth managers distribution partners. SALISBURY: Look, every client is different.

Assets 286

Assets Clients Investing Investments 286

The Big Picture

OCTOBER 24, 2022

BLS recruits, just like all other organizations, recruits at college campuses. NORTON: These are portfolios that we’re creating, whether they’re individual stocks, or whether they’re multi-asset portfolios that we offer to financial advisors who in turn offer them to their clients. NORTON: They can be.

Portfolio 130

Portfolio Management Assets Investing 130

Diamond Consultants

OCTOBER 4, 2022

So far, this year has proven that advisors are the real winners as firms have stepped up their games to become attractive landing spots with strong recruitment deals to match. Which firms are winning the recruiting race, and which are losing? Independent firms saw the most success in recruiting— adding 287 advisors on a net basis.

Financial Advisor 52

Financial Advisor Recruitment Wealth Management Consulting 52

Diamond Consultants

DECEMBER 20, 2022

That is, clients wanted more from their advisors; advisors wanted more from their firms; and the firms, too, wanted more from their advisors. With recruiting particularly active at Morgan Stanley and UBS, advisors demonstrated that it’s still the right model for many of them.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

The Big Picture

AUGUST 29, 2023

And your bio explains how you were recruited to Vanguard. So I was a mile deep on a subject matter of bond indexing, but now I had the opportunity to lead an equity indexing group, the entire fixed income team, our investment strategy team that does research for our clients around portfolio construction, those types of things.

Portfolio 130

Portfolio Investing Investments Numbers 130

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. If you can design web pages, write copy, design mailers and client products, or perform other web-based tasks, it’s easy to create a Fiverr profile and get started.

Financial Advisor 116

Financial Advisor Accounting Insurance Media 116

SEI

SEPTEMBER 17, 2022

Sanjay has dove right in, Rajiv, and he's been out on the road seeing our clients both domestically and globally. As we actually sign new clients, we need to bring those clients on board. So it kind of seems like that the retirement of Trust3000 is a long ways away. Ryan Hicke: Sure. Then an implementations bucket.

Clients 49

Clients Assets Banking Planning 49

The Big Picture

JUNE 7, 2023

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. You’ll retire a happy person, your kids. Andrew Komori, who came out of G.E. Shore, is launching with three billion. So into the fray.

Management 267

Management Investing Investments Economics 267

The Big Picture

JULY 4, 2023

Ilana Weinstein returns to tell us about all the competitive recruiting and superstar talent she’s been working with over the past couple of years. WEINSTEIN: Let me define what we do, because I feel like a fair misconception might be that as a recruiting firm, our job is to help people find jobs. WEINSTEIN: They probably will.

Management 141

Management Recruitment Numbers Banking 141

The Irrelevant Investor

AUGUST 17, 2015

billion just over a year on, and some $5 billion of the decline was due to clients voting with their wallets." "The By the time Simons retired, in 2009, he had become a billionaire many times over. The hemorrhaging of investors continued: When the window for redemptions opened at the end of September, a net $1.3 28 Whereas D.

Marketing 52

Marketing Marketing Recruitment Assets 52

The Big Picture

AUGUST 8, 2022

They gave a lot of it to their favorite clients and then we needed to give more of it. So, we — they had all these people there recruited for the day to be just sitting there and then — and as long as you don’t utter a word, so if we uttered on word in the movie, we would have to be unionized. ADMATI: That too.

Banking 195

Banking Government Insurance Taxes 195

Inside Information

OCTOBER 31, 2022

Chief among the concerns was the fact that many larger firms are now introducing an additional greedy mouth to feed at their table, beyond the normal stakeholders of the equity owners, staff and clients. These recruiting challenges will threaten those profit margins that are already under siege in a bear market.

Financial Planning 40

Financial Planning Recruitment Clients Planning 40