Diamond Consultants

APRIL 16, 2024

Providing a monetization event for the senior (retiring advisor); and 2.) Lastly, this move ties the retiring advisor’s legacy very onerously to their current firm. Do nothing: Some advisors feel that the currently crafted retire-in-place programs are just too onerous for both the retiring and inheriting advisors.

Recruitment 52

Recruitment Retirement Clients Planning 52

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. (open.spotify.com) The biz Envestnet ($ENV) has attracted an activist investor.

Asset Allocation 146

Asset Allocation Financial Planner Recruitment Financial Advising 146

Nerd's Eye View

DECEMBER 9, 2022

Also in industry news this week: A recent survey indicates that retirement plan sponsors currently using financial advisors to support their plan are overwhelmingly satisfied with the service they receive, which also leads to improved retirement savings for their employees.

Financial Planner 198

Financial Planner Recruitment Retirement Planning Retirement 198

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

James Hendries

JUNE 18, 2023

Richer matching contributions can help employers gain a competitive edge Employer-sponsored retirement plans, such as 401(k) or 403(b) plans, have become an essential part of the benefits package offered by companies to attract and retain employees. Offering a generous employer match for retirement savings plans is one such strategy.

Recruitment 52

Recruitment Retirement Retirement Planning Planning 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 Recruitment Planning Wealth Management 52

NAIFA Advisor Today

OCTOBER 6, 2023

He has earned several impressive designations, including Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Chartered Retirement Planning Counselor (CRPC), Life Underwriter Training Council Fellow (LUTCF), LACP, and CLTC.

Financial Services 52

Financial Services Certified Financial Planner Financial Planner Recruitment 52

Nerd's Eye View

JUNE 23, 2023

Read More.

Financial Planner 230

Financial Planner Recruitment Compliance Financial Advisor 230

Diamond Consultants

MARCH 13, 2024

The deep pockets of the firms enable them to pay recruiting bonuses at the top of the market. While firms like Rockefeller and RBC Wealth Management can compete, if the wirehouses remain in the recruitment game and keep the checkbooks open, advisors looking to monetize in a transition will continue to look to this segment.

Recruitment 52

Recruitment Wealth Management Retirement Clients 52

Robert B. Ritter Jr.

MARCH 28, 2022

The post Blog #219: Exceptional Split-Dollar™ (Part 1 of 2) (Including a “Jim Harbaugh” Variation to Recruit a President for a Tax Exempt University) first appeared on Bob Ritter's Blog, ideas for financial service professionals. This executive benefit will be difficult to justify if interest rates increase considerably.

Recruitment 40

Recruitment Taxes Financial Services Planning 40

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.

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

Nerd's Eye View

SEPTEMBER 28, 2022

In this episode, we talk in-depth about how Joe has witnessed firsthand as an advisory firm owner, and now a partner at a leading global investment management firm, how the financial services industry is evolving in real time as more banks and brokerage firms are truly adopting financial planning and implementing advisory services at national scale (..)

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 130

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

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 Compliance Retirement 59

Harness Wealth

AUGUST 31, 2023

These can include: Health Insurance Retirement Plans Paid Time Off Workers’ Compensation Insurance Training and Development Programs Before making your first hire, consult an employment attorney to understand the legal obligations and potential liabilities.

Taxes 59

Taxes Recruitment Accounting Budgeting 59

James Hendries

AUGUST 8, 2022

Recruiting and retaining employees who are both qualified and motivated is an ongoing challenge for most businesses. A transformation in the workplace is underway as many Baby Boomers make plans to work longer beyond their normal retirement age due to recent changes in the economic climate. Mature Workers Are Here to Stay.

Recruitment 52

Recruitment Retirement Budgeting Financial Advisor 52

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? Commonly, firms express their level of interest through softer, more subtle means. Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Economics Clients 52

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. Plus, their firm may be able to help them find a successor while providing the opportunity to take advantage of a retire-in-place program.

Retirement 52

Retirement Recruitment Wealth Management Clients 52

Diamond Consultants

DECEMBER 5, 2023

Bound by sunset agreements The ability to acquire businesses from retiring advisors is a great way to leapfrog an advisor’s growth. And large teams with many advisors are often continuously fulfilling a sunset buyout for a retiring team member—creating a continuous cycle that can be difficult to break.

Compliance 52

Compliance Clients Retirement Recruitment 52

Diamond Consultants

AUGUST 9, 2022

And, of course, there is always the option to build your own community via targeted recruiting and acquisitions. These advisors may prefer the support an IBD will provide in helping them identify a successor and structure and finance a competitive retirement buyout. The End Game: Succession.

Compliance 59

Compliance Recruitment Clients Retirement 59

Diamond Consultants

NOVEMBER 15, 2022

Some firms are even willing to reimburse for outstanding note obligations in recruiting deals. And many firms offer creative structures for senior advisors to retire/sunset out and thus “ move once and monetize twice.” I just signed a retire-in-place agreement.”. I’m too old to move.”.

Financial Advisor 59

Financial Advisor Clients Recruitment Wealth Management 59

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 143

Recruitment Engineering Investing Investments 143

Darrow Wealth Management

FEBRUARY 20, 2023

Did you apply for this position or were you recruited? What happens to stock if you retire or are laid off? Will you be paid pro-rata if you leave, retire, or are laid off before it is paid? What would you be leaving on the table at your current job if you left? Prepare for the negotiation by taking stock of the facts.

Startup 98

Startup Taxes Wealth Management Tax Planning 98

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? We were losing market share in the critical retirement, the 401(k) business. You know, I mentioned that tough decision on the retirement business.

Clients 271

Clients Investing Investments Retirement 271

Inside Information

MAY 30, 2023

Others, I think, like to pretend that they’re moving in that direction while they cling to their comfortable sales culture—maybe because speaking out of both sides of their mouth is good for recruiting.

Communication 40

Communication Sales Compliance Insurance 40

Diamond Consultants

MAY 3, 2022

By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. For private bankers considering change, it’s important to understand both the potential that lies before you, as well as the hurdles that you may encounter in a move.

Banking 52

Banking Wealth Management Commission Assets 52

Random Roger's Retirement Planning

DECEMBER 14, 2022

Mr. Backhoe recruited both of us into the fire department in 2002. Somehow, I made it into Prescott, into the parking lot of what I think was an O'Reilly's and it stalled out halfway into the parking spot due to the dip in the lot, four feet short of where I wanted to park. Joellyn and I had a pretty good laugh over that.

Engineering 40

Engineering Recruitment 40

Brown Advisory

MAY 30, 2018

Rye Barcott, a retired U.S. Those high-performing environments also help to recruit the best and brightest talent. Marine, views public service through the lens of his military experience. He sees U.S. political polarization as an “existential threat” to the country’s ability to compete and lead globally.

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. Marine, views public service through the lens of his military experience. He sees U.S. political polarization as an “existential threat” to the country’s ability to compete and lead globally.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

Inside Information

DECEMBER 26, 2023

They will create more attractive cultures in order to win recruiting battles, and (separate trait) do what is necessary to keep their talent. The decisive owners will restructure their compensation packages to incentivize their firms’ best marketers and pay them based on the clients they personally service.

Wealth Management 40

Wealth Management Clients Management Numbers 40

Mr. Money Mustache

APRIL 18, 2021

Because of the Internet, and to be honest a damned large dose of privilege due to having two educated parents always available because we were retired before he was even born, he has been able to feed his thirst for knowledge with incredible efficiency. Public school for all is a great thing and a great idea.

Education 52

Education Math Engineering License 52

Indigo Marketing Agency

JANUARY 24, 2024

Taylor is another power icon in the financial world, hosting two top-ranking podcasts: Experiments in Advisor Marketing and Stay Wealthy Retirement Show. Stephanie co-hosts the popular money show Take Back Retirement , where she provides advice geared toward women on the cusp of retirement. billion in client assets.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Indigo Marketing Agency

JANUARY 24, 2024

Taylor is another power icon in the financial world, hosting two top-ranking podcasts: Experiments in Advisor Marketing and Stay Wealthy Retirement Show. Stephanie co-hosts the popular money show Take Back Retirement , where she provides advice geared toward women on the cusp of retirement. billion in client assets.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

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

With recruiting particularly active at Morgan Stanley and UBS, advisors demonstrated that it’s still the right model for many of them. That is, placing greater focus on building a business with the end in mind, even if it meant eschewing a significant recruitment package.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

The Big Picture

SEPTEMBER 19, 2023

So I applied to Maryland State retirement. The acronym for the Hawaii Investment Employ Retirement System or, or words to that effect. 00:15:31 And so he put me in contact with a recruiter. Who were they recruiting you or had, had you kind of quietly reached out? It’s a little bit letter better of a lifestyle.

Assets 143

Assets Management Portfolio Investing 143