Fidelity Custody & Clearing’s 2016 Wealth Management M&A Transaction Report discovered that advisory firms acquiring other RIAs are getting “much more selective,” says David Canter, but there remains a “gulf between what the sellers think” their firms are worth and what buyers think those firms are worth. Read Article
Advisor Referral Programs RIAs can benefit by forming constructive relationships with custodian retail branches through formal referral programs, specifically TD’s AdvisorDirect, Schwab’s Advisor Network and Fidelity’s Wealth Advisor Solutions. When done right, the ability to build and execute a sales strategy around one or a combination of these programs can ignite asset gathering. But one […]
How RIAs Can Promote Their Fiduciary Standard President Trump has signed an executive action directing the Department of Labor to review its new fiduciary rule, which had been scheduled to take effect April 10 (see DOL Files to Delay Fiduciary Rule). The rule was designed to ensure that recommendations made by financial advisors to their clients […]
