Blog

The Risk of Not Taking Risks: A Moment of Pause and Reflection

The Risk of Not Taking Risks: A Moment of Pause and Reflection

Published March 22, 2017
I was driving in my car recently with plenty of windshield time, contemplating my kids’ future. I was thinking how I could coach them into a trajectory that would lead them to happiness, fulfilment and success. What naturally followed was an exercise of self-reflection, deconstructing the path leading to my professional career …

Why You Should Start a Financial Advisor Blog

Why You Should Start a Financial Advisor Blog

Published March 15, 2017
As I consult with many of our independent advisors, they frequently ask me about blogging: What is it? How do I do it? What are the benefits in maintaining blog about financial planning? While there are many tools and resources available to advisors who want to blog, the end result is often …

Three Reasons Why Outsourcing Money Management Results in Growth

Three Reasons Why Outsourcing Money Management Results in Growth

Published March 1, 2017
Are you looking to grow your financial advisory practice? There are many ways to solve for growth, and one of the less obvious strategies is to outsource money management. In our industry today, investment management has become only one of the myriad services that financial advisors bring to the table in serving …

Three Steps to Increasing Your Web Presence

Three Steps to Increasing Your Web Presence

Published February 22, 2017
I receive phone calls on a daily basis from our network of independent advisors with questions relating to either building or maintaining a web presence. Web presence optimization is the art of being found online. It incorporates Search Engine Optimization (SEO), search and content marketing, social media, social public relations, and reputation …

Top Three Things Financial Advisors Can Do to Prepare for Going Independent

Top Three Things Financial Advisors Can Do to Prepare for Going Independent

Published February 8, 2017
Financial advisors choose to go independent for several important reasons: First, the economics of going independent are far superior to all other channels. In addition, independent financial advisors own 100% of the equity in their practices. And most importantly, by serving as true fiduciaries, advisors of the independent model are able to …

The Shifting Sands beneath Us: Notes from the FSI OneVoice 2017 Conference

The Shifting Sands beneath Us: Notes from the FSI OneVoice 2017 Conference

Published February 1, 2017
As I sat in a crowded conference room in rainy San Francisco last week, I looked around in amazement at how much industry talent had come together to attend the Financial Services Institute’s OneVoice conference. My round table comprised two CEOs of major brokerage firms and the female …

The Stock Market Update Two Months Post the 2016 Presidential Election

The Stock Market Update Two Months Post the 2016 Presidential Election

By: Guy Adami, Director, Advisor Advocacy
Published January 25, 2017
Since the 104-point sell-off in the S&P on the night and early morning of the presidential election, the market has rallied some 12.5%, culminating with an all-time high print of $2,282.10 on January 6. In the wee hours of the morning of Election Day, I was on …

Time Flies When You’re Having Fun (or Successfully Recruiting Advisors)!

Time Flies When You’re Having Fun (or Successfully Recruiting Advisors)!

Published January 11, 2017
What a year it was for recruiting. In 2016, Private Advisor Group recruited 74 new advisors, bringing our total to 617 across 34 states. This has more or less been our run rate for the past five years. And looking to 2017, our pipeline is overflowing with candidates. While these figures are …

2016 IN REVIEW: Making Strides to Support Independent Advisors

2016 IN REVIEW: Making Strides to Support Independent Advisors

Published December 21, 2016
As we say good-bye to another year and put away our holiday décor, it is a good time to reflect on our accomplishments of the past and our goals for the future. In the hustle and bustle of every day, we can forget to take stock of all we have achieved and …

The Stock Markets One Month After the Presidential Election

The Stock Markets One Month After the Presidential Election

By: Guy Adami, Director, Advisor Advocacy
Published December 14, 2016
Now that a month has passed since the November elections, I thought it would be a good time to examine what has been happening in the stock markets. In the days leading up to the election, I was asked how I thought the market would react under …

When Is the Right Time to Consider Changing Broker-Dealers?

When Is the Right Time to Consider Changing Broker-Dealers?

Published December 7, 2016
Executive Summary: The right time is now to do your due diligence. Your analysis will likely lead you to the RIA and IBD channels. You need to understand where those two models converge to create the best advisor model in the industry.
The post-election markets are moving in your favor, volatility is low …

Tis the Season to Get Social

Tis the Season to Get Social

Published November 30, 2016
As the holiday time approaches, there’s good reason to be social. But not just social in the physical form by way of Christmas parties and New Year’s Celebrations, but also through the social networking channels with your core constituents: your clients, your prospects, your staff, and your centers of influence.
As independent …

Starting Your Own RIA Firm: Make Partnership a Cost-Effective Solution

Starting Your Own RIA Firm: Make Partnership a Cost-Effective Solution

Published November 16, 2016
My friendly advice to those who care: Remember that Latin term we all learned in high school, caveat emptor? If you’re looking to launch an RIA, be aware of the risk that such an endeavor may fail to meet your expectations.
Over the last eight years, I have helped dozens of financial advisors …

The Case for Joining an RIA Part 4

The Case for Joining an RIA Part 4

Published November 9, 2016
Just because we are financial professionals does not mean we need to burden ourselves by doing our own tax returns. We gladly outsource our tax returns to accountants, and it’s the best $500 ever spent. Let’s apply the same logic to our businesses. Does your ego really command you to micromanage every …

The Case for Joining an RIA Part 3

The Case for Joining an RIA Part 3

Published November 2, 2016
One of the greatest advantages of the independent, fee-based advisory model is the freedom it affords both advisors and their clients. In the independent model, advisors own the end client relationships, and they are also able to more easily merge with other advisors and create their own customized Read More