News, Vision & Voice for the Advisory Community
Tag
42 articles
The Wealthfront CEO turns Q2 earnings into a confessional, volunteering how the robo-advisor misjudged its cohort's investing habits and risk tolerance.
The New York City alts marketplace has raised half the sum at double the rate of four years ago, but it can point to growing RIA adoption to justify the valuation -- even if it's still burning cash after 17 years.
Rick Wurster told analysts that Forge makes Schwab the private investments 'destination of choice,' but Rachleff retorts as a private equity insider he can attest that top PE firms and hedge funds channel worthy investments to institutions.
The Boston firm says client withdrawals of around 4% are a giant drain, and the Moss Adams guru says hungry Boomers are spending their kids' inheritances, raising a question -- is the Great Wealth Transfer a mirage?
In next 12 months, RIAs predict 25% of client assets will be invested in ETFs versus 24% in mutual funds, but asset-allocation decisions can be fraught without extra human expertise.
RIA serial buyers are projected to hit a collective $4.5 trillion in AUM by 2035 [in 2024 dollars] and become the No.5 'wirehouse' by offering broker-dealer scale and ease with 'better culture, better economics.'
The Baltimore asset manager's new product tracks its index, but factors some investments in or out, based on wider portfolio holdings and risk
Slogging through 1,000's leads is one way to 'crack the code,' says an analyst, but closing a lead requires painstaking follow up.
The largest Cerulli study sub-group, 39% of individuals, want 'large national' brands -- even with RIAs set to gain four percentage points of market share on wirehouses by 2027
Turnover rates hover near 50%, Cerulli and Ensemble report, and may be worsening as hires in market of talent scarcity has inevitable backlash.
RIA principals have killed Wall Street with semi-solo shops -- only 35% have 'specialized staff' -- but the comfort zone must evolve for growth
'RIAs' will control nearly one-third of advised assets by 2027, up from 27% today, virtually switching spots with wirehouses in a statistically zero-sum battle for market dominance, Cerulli projects.
The Cerulli findings have a caveat for humans -- that just-in-time advice to investors whose assets grow to $500,000 may be too late to win the account
The $10-billion revenue colossus pooh-poos $7 trillion of 'mom-and-pop' RIA assets after they take in 22% of all investable assets last year, from 16% base, according to McKinsey's own numbers.
Anthony "Tony" J. Mazzali, CEO of CG Advisory Services, is shifting the bulk of its assets to LPL Financial to curb the assymetric power in his custody relationship with Schwab.
The Industry Sourcebook for RIAs
RIABiz Directory
sponsored by