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

Diamond Consultants

DECEMBER 16, 2024

By Allie Brunwasser & Jason Diamond Its no secret that the wealth management industry has a major impending crisis: A shortage of quality next gen advisor talent. After all, shouldnt the retiring advisors be compensated fairly for their lifes work? So, how do they decide whats best? But is that fair?

Wealth Management 52

Wealth Management Recruitment Retirement Valuation 52

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

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

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

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

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. In some cases, they also require meaningful growth to achieve the full headline deal package.

Recruitment 72

Recruitment Assets Wealth Management Taxes 72

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

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? Article was written by Darrow Wealth Management President Kristin McKenna and originally appeared on Forbes.

Startup 105

Startup Taxes Wealth Management Tax Planning 105

Diamond Consultants

APRIL 16, 2024

6 ways to ride off into the sunset for advisors without a next gen in the wings The wealth management community agrees on one thing: We have a massive next gen talent gap, and it’s worsening with each passing year. Providing a monetization event for the senior (retiring advisor); and 2.)

Recruitment 52

Recruitment Retirement Clients Planning 52

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

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

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

JUNE 14, 2023

When advisors evaluate wealth management firms, there is a series of items they are (rightfully) concerned with above all else. Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited? Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Clients Economics 52

Diamond Consultants

NOVEMBER 15, 2022

OK, so maybe they weren’t specifically speaking to wealth managers…) Regardless, it is a question on the minds of most, if not all, advisors in this world of heightened optionality and competition for top talent. Some firms are even willing to reimburse for outstanding note obligations in recruiting deals. I’m too old to move.”.

Clients 59

Clients Financial Advisor Recruitment 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

Diamond Consultants

MAY 3, 2022

There’s been an interesting shift in movement amongst one sector of wealth management: private bankers. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks.

Banking 52

Banking Wealth Management Commission Assets 52

Diamond Consultants

DECEMBER 5, 2023

The best team members make a wealth management business operate like a well-oiled machine. Bound by sunset agreements The ability to acquire businesses from retiring advisors is a great way to leapfrog an advisor’s growth.

Clients 52

Clients Compliance Retirement Management 52

Inside Information

DECEMBER 26, 2023

Now there’s a new white paper that predicts ‘The next phase of the evolution of the wealth management industry,’ called ‘Welcome to the Jungle.’ Going forward,” the paper concludes, “wealth management will look much more like a jungle than a club.” Conclusions? This profession-wide complacency is due for a rude awakening.

Wealth Management 40

Wealth Management Clients Management Numbers 40

SEI

SEPTEMBER 17, 2022

So it kind of seems like that the retirement of Trust3000 is a long ways away. So when you look at the company as a whole, a substantial portion of our revenue is related to wealth management processing or occurring on SWP. Maybe if you can just comment on your advisor recruiting efforts. Rajiv Bhatia: Got it.

Clients 49

Clients Assets Banking Planning 49

The Big Picture

AUGUST 4, 2024

The Trace ) • The 3 Biggest Mistakes You Can Make With Your 401(k) : Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course. ( The latest high-profile data breach involving AT&T is yet another reminder we are at war with cybercriminals.

Recruitment 147

Recruitment Retail License Wealth Management 147

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He’s a member of the management committee. He co-chairs a number of the asset management investment committees. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry.

Assets 299

Assets Clients Investing Investments 299

Diamond Consultants

DECEMBER 20, 2022

A look back – and forward – on the forces behind an evolving wealth management industry. For instance, while Rockefeller Capital Management and First Republic Private Wealth Management led the headlines by landing some of the industry’s most elite teams, the real news was actually in the wirehouse world.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

Diamond Consultants

MARCH 13, 2024

Although there are similarities across firms, there are noticeable cultural and strategic positioning differences amongst the major players: For example, Bank of America’s ownership of Merrill relative to the wealth management focus of Morgan Stanley and UBS. We continue to believe that there has been no better time to be an advisor.

Recruitment 52

Recruitment Wealth Management Retirement Clients 52

The Big Picture

APRIL 25, 2023

Now, full disclosure, Ritholtz Wealth Management has been around a decade. And I said, I really think that we would be able to do a great job for our RIA clients, for our wealth management clients, by having this consulting firm, and they rejected the idea. It’s so great to be here. We retained your firm.

Compliance 162

Compliance Clients Wealth Management Management 162

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. To stay ahead of the game, financial advisors need to link up with the brightest and best in the industry.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. To stay ahead of the game, financial advisors need to link up with the brightest and best in the industry.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

The Big Picture

JULY 29, 2024

There are few people who have her unique insights into the inside baseball of what drives change in actual wealth management, not only working with FINRA and the SEC on the regulatory side and working on the technology side, but having some insight into behavioral finance and understanding what advisors need to help their clients obtain their goals.

Clients 147

Clients Portfolio Financial Advisor Investing 147

Sara Grillo

SEPTEMBER 26, 2022

The debaters are: Robert Wright, CFP®, a financial consultant with Advocacy Wealth Management. Prior to joining Advocacy Wealth Management in 2022, Robert served in a variety of positions at Fidelity Investments and Morgan Stanley as a Financial Consultant. Robert will be on the “for” team. Scott Salaske of Firstmetric.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

The Big Picture

APRIL 8, 2025

She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. She, she absolutely has a unique background and a unique perch on, on wealth management and what’s going on in the world.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147

The Big Picture

MAY 2, 2023

I was working at UBS in wealth management. I was in wealth management at UBS, and this was 2008 when Lehman collapsed, and the world effectively imploded, certainly for people of my age who had no authority at all. BENJAMIN CLYMER, EXECUTIVE CHAIRMAN, HODINKEE: Yes. RITHOLTZ: First, what were you doing at UBS?

Retail 173

Retail Insurance Advertising Numbers 173