Big Schwab survey: RIAs surpass 2007 former peaks in assets and revenues
One analyst still sees troublesome signs in the findings but outsourcing is on the rapid rise
Greg Brown
Brooke: Great article! Loyalty, retention and growth are interdependent. One does not happen without the other. As you indicated in your story, the “holy grail” is the firm’s ability to “differentiate”... This starts with knowing your ideal client and building best practices throughout the firm to serve them at the highest level. Then apply that process consistently and systematically. As Aristotle stated in one of his most famous quotes: “We are what we repeatedly do. Excellence then is not an act but a habit.”.
Your people and processes should line up in support of this theory. Technology should be an enabler never a disabler.
Elmer Rich III
Let us state the obvious:
- The population is growing. Even older groups are living far longer than in the past. Even if the % of people using financial advisors of all types remains stable (which it’s not) the absolute numbers are growing fast.
- America is the wealthiest country in the history of the world. (By far, by far)
- Financial matters, just based on more affluence, are more complex.
- While demand is growing, at an accelerating pace, supply of financial services and professionals of all types is not growing at the same rate.
- Retirement of the Boomer financial advisors suggest a “brain drain” in financial services professionals.
Are we in a trending bull market for financial services and professionals? Oh yeah!
Greg Brown
Good point. All the more reason to build a self sustaining practice built on documented repeatable “best practices”. It will allow for the successful transition of the Booomer Advisor to the firm’s successor. An enterprise wide workflow engine can help ensure that happens successfully.
http://www.hkcbbs.com/space-uid-4733.html
The Apple Bottoms online shopping store gives some terrific deals on all kinds of clothes items. You are able to now be both hip hop and fashionable for your latest wardrobe additions with the Nelly’s Apple Bottoms Clothing line.
http://thescripter.com/excel.htm
A-line clothes which might be empire waistline and straight reduce are good possibilities for that ladies having pear fashioned figures. This kind of kinds of lengthen the torso and legs. They provide a sexy overall look of height and balance. Females superstar garments is accessible in various dimensions even so, you will have to ward off from limited fitted clothes. Normally decide to get an outfit that matches your body sort with no defects.Cosmetic Surgical treatment Means to fix Pounds challenges
Related Moves
The upper RIA echelon mass-exit is now at 25 execs and counting -- for 25 'reasons' -- but it's hardly a coincidence, analysts say
Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.
June 7, 2024 at 11:17 PM
Walt Bettinger discloses expiration of unknown 'pact' to explain to Schwab investors why Bernie Clark, Peter Crawford and Joe Martinetto all chose to exit at once
The 'sort of informal' deal was struck in 2019, but never revealed to shareholders during the merger transition, until the departures were announced -- in one press release -- this month.
May 25, 2024 at 2:45 AM
Fidelity, others pounce on TD RIAs with a vengeance following Schwab merger, but Schwab finds a white knight to defend its new Texas fort, and, suddenly, Tom Nally's future seems clouded at 'Schwabitrade'
Former TD Ameritrade RIA chief and retail chief Tom Bradley will assist Bernie Clark in instilling trust and applying 'modern' service to the under$100-million crowd during an age of anxiety at both firms
