Nerd's Eye View

JULY 18, 2022

Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear.

CFP 246

CFP Recruitment Certification Sales 246

Abnormal Returns

JULY 10, 2023

investmentnews.com) Recruiting Why aren't more women becoming advisers? larrykotlikoff.substack.com) A real-life example of balancing differing wants in retirement. (investmentnews.com) Compliance There's no winning the cybersecurity war, just stalemate. thinkadvisor.com) What kind of firm is better able to retain advisers. wsj.com)

Compliance 244

Compliance Recruitment Financial Planning Wealth Advisor 244

Nerd's Eye View

JUNE 30, 2023

Also in industry news this week: Concerned about the (insufficient) frequency of its examinations of RIAs, an SEC committee has recommended that the regulator allow third parties to conduct these examinations and to request Congressional authorization to charge investment advisers under its purview a ‘user fee’ that would provide steady (..)

Financial Planner 246

Financial Planner Fee Only Commission Retirement Planning 246

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 246

Financial Planner Recruitment Retirement Planning Retirement 246

Nerd's Eye View

JUNE 23, 2023

Read More.

Financial Planner 246

Financial Planner Recruitment Compliance Financial Advisor 246

Diamond Consultants

DECEMBER 18, 2024

Whats the reality when it comes to recruiting and transitions? One factor working in favor of higher deals: For the first time in recent memory, all four wirehouses are back in the competitive recruiting battle. Competitive recruiting is coming to an end at the big firms. Firm retire-in-place programs are the only way to retire.

Recruitment 52

Recruitment Retirement Assets Education 52

Nerd's Eye View

AUGUST 6, 2024

What's unique about Jaime, though, is how his firm has grown to more than $1 billion in AUM over the past 20 years in part by making a series of 6 acquisitions, typically buying mixed fee-and-commission practices from retiring advisors in his local area and converting them into ongoing recurring revenue financial planning clientele.

Commission 130

Commission Retirement Financial Advisor Recruitment 130

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.

Financial Planner 147

Financial Planner Asset Allocation Recruitment Financial Advising 147

Diamond Consultants

DECEMBER 16, 2024

As a result, its often incumbent upon the retiring advisor to either accept a discounted valuation for the book and/or show a great deal of flexibility in how their next gen ultimately takes the reigns of the business. After all, shouldnt the retiring advisors be compensated fairly for their lifes work? But is that fair?

Wealth Management 52

Wealth Management Recruitment Retirement Valuation 52

NAIFA Advisor Today

JANUARY 28, 2025

As a Retirement Income Certified Professional and a Life and Annuities Certified Professional, John advises clients on retirement planning, investment planning, and risk management. He is an experienced association professional with a demonstrated history of working in the staffing and recruiting industry.

Financial Planner 52

Financial Planner Recruitment Financial Services Retirement Planning 52

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

SEPTEMBER 10, 2024

On paper, enhanced succession plans like Merrill’s recently announced CTP, are a no brainer for both retiring and inheriting advisors alike. Merrill is not alone in offering a retire-in-place program such as CTP. Notably, there are pros and cons to these deals for both retiring and next gen inheriting advisors.

Retirement 52

Retirement Recruitment Clients Compliance 52

Diamond Consultants

JANUARY 23, 2024

5 reasons why advisors are forgoing what was designed to be a no-brainer deal In recent years, the four wirehouses (and many regional and boutique firms, as well) have rolled out enhanced “retire-in-place” or “sunset” programs for their advisors, such as Merrill’s CTP, UBS’s ALFA, and Morgan Stanley’s FAP.

Retirement 59

Retirement Recruitment Clients Economics 59

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

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

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

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

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 CFP 52

Diamond Consultants

OCTOBER 23, 2024

recruit advisors. In addition to recruiting deals, many firms also offer sunset or retire-in-place packages that afford advisors a second bite at the proverbial apple without the need to make another transition down the road.

Recruitment 72

Recruitment Assets Wealth Management Taxes 72

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

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

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 280

Clients Investing Investments Retirement 280

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

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?

Financial Services 52

Financial Services Recruitment Certification CFP 52

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

The Big Picture

MARCH 4, 2025

Melissa Smith : So I definitely thought that I was gonna work in the public sector when, when I’m recruiting at JP Morgan I always, you know, get the question sort of how did, how did you get into investment banking? JP Morgan’s public finance team recruited specifically at the policy school. What was the original plan?

Banking 130

Banking Economy Startup Marketing 130

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 Planning Retirement 59

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 105

Startup Taxes Wealth Management Tax Planning 105

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

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

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

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

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.”.

Clients 59

Clients Financial Advisor Recruitment Retirement 59

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 Clients Economics 52

Clever Girl Finance

APRIL 29, 2024

Start a side gig for extra income We could all use a little extra cash, whether to pay down debt, increase savings, achieve a financial goal, or retire earlier. Contribute more to your retirement accounts There’s no rule that you have to wait until you’re 65 or older to retire. Haven’t started a retirement account yet?

Budgeting 84

Budgeting Retirement Planning Food 84

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.

Clients 52

Clients Compliance Retirement Management 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