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RIAs must hold fire on chopping expenses in this 2021-2023 downturn, though one expense is fair game -- and it should be high on the list to trim

The best firms make their biggest gains courtesy of recessions -- not least 2008-2011 -- but the contrarian investments must be born on the backs of RIA principals, not staff

Author Eliza De Pardo April 4, 2023 at 5:22 PM
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Eliza De Pardo: Accepting short-term pain is a time-tested means of boosting revenues..
Brooke Southall and Keith Girard contributed to the editing of this article.

FAA

FAA

April 5, 2023 — 3:59 PM
Lost me with your analogy 'It makes as much sense to cut talent or growth efforts as it does moving client assets to cash right now.'.

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