An economist’s assets can be an accountant’s liability and vice versa. Take the odd nature of bank accounting, which has always intrigued me. Well, just a little bit. In banking, an institution’s loans are its assets while deposits are its liabilities. (Continue reading at Financial Advisor)
Tech Training: A Missing Best Practice
There is a clear link between success of your people and the amount of investment you make in training and professional development. (Continue reading at InvestmentNews — requires free registration)
Advisor benchmarking: Why bother?
Benchmarking Surveys are long. They ask a lot of questions. They make you gather all kinds of data about your firm. The questions are often unclear or just confusing. They feel like you are filing a second federal tax return. (Continue reading at InvestmentNews — requires free registration)
After BloombergBlack Shutdown, Can Online Advice Thrive?
Is the financial advice industry looking at TurboTax … or Expedia? That’s the question many in the sector are asking about the future of online financial advice companies after the demise of Bloomberg LP’s planned direct-to-consumer RIA offering, BloombergBlack. (Continue reading at Financial Planning — requires free registration)
Adviser benchmarking: Why bother?
Benchmarking Surveys are long. They ask a lot of questions. They make you gather all kinds of data about your firm. The questions are often unclear or just confusing. They feel like you are filing a second federal tax return. (Continue reading at InvestmentNews)
Building Your Advisory Business: From Theory to Practice
Building an advisory business is much like running a marathon – it is a long and patient pursuit that requires dedication and is much easier to accomplish when you are surrounded by others committed to the same goal. (Continue reading at Junxure)
Ric Edelman Looking to Add $1-Billion RIA Elephant Even As He Unveils an Online Consumer Strategy Aimed at the Chipmunks
Ric Edelman has never been short on big plans, and right now he has two whoppers in the works that address the top and bottom ranges of investor dollars. (Continue reading at RIABiz)
Finally, an RIA Business-of-the-Business Book with a Journalistic Soul
For a big wealth management firm to grow big and solid, it needs to have a good CEO who makes big, difficult decisions that are often unpopular but need to made anyway. (Continue reading at RIABiz)
The 10 things Morgan, Merrill, UBS and Wells Fargo could do if they really, really wanted to stem the RIA tide
Advisors are happy to hand over the blueprint to wirehouses because they’re certain the firms are too fainthearted to execute it. (Continue reading at RIABiz)
How Charles Goldman, Philip Palaveev, Brian Hamburger and Tim Oden — and my cabbie — caught my attention at MarketCounsel Summit
Tussels over scale, branding and professional service played out vividly in Vegas. (continue reading at RIABiz)