UBS Completes Acquisition Of Credit Suisse; Now World’s Largest Wealth Management Firm
Swiss banking giant UBS has successfully concluded its takeover of Credit Suisse, resulting in the formation of a formidable wealth management powerhouse. The acquisition solidifies UBS’s position as a dominant player in the global financial industry and reinforces its commitment to expanding its wealth management capabilities. With the completion of the takeover, UBS now boasts […]
Break It To Make It Better: One Advisor’s Path To $100 Million In AUM Growth In Under 24 Months
Considering a transition but worried about timing? Concerned that repapering will spook skittish clients? It might be time to let some of those fears go (and embrace the significant upside of outsized packages firms are still offering for top talent). In this exclusive conversation, we sit down with Jason Lambert, a PNW advisor who moved […]
Do You Know Your GAF?
Fees, fees, and more fees. It’s a part of the business of being an advisor. But there’s one fee that advisors frequently overlook or simply don’t fully understand – their Global Admin Fee (GAF). In fact, many advisors don’t even know what their GAF is, or the impact it can have on their pay stub. […]
Wells Addresses Loners, Rebels With Independent Option
Independence is a powerful elixir, especially for brokers who are more or less employees for those wirehouses. Not surprisingly, many of those in-house brokers decide to test the waters and embrace the benefits of being an independent. Kudos to Wells Fargo & Co (WF) for recognizing this dynamic. Last week, AdvisorHub wrote about how WF […]
Cetera Increases Choices For Advisors
There’s been an ongoing trend of broker-dealers expanding their presence within the RIA space and another big name is making its move. Cetera Financial Group, a leading broker-dealer in the nation for producing representatives, has acquired Retirement Planning Group, an RIA based out of Kansas. This marks Cetera’s first acquisition of a pure RIA and […]
3 Takeaways From FPA NorCal
When Michael Kitces says something advisors ears perk up, and his comment that, “FPA NorCal has consistently been one of the best national conferences in financial planning” was part of the reason we knew we wanted to attend this year. He ranked it as his Top Advisor Conference for 2023 and all other conferences are […]
Navigating Succession Planning
There comes a time in every advisor’s career when succession is right around the corner. Every advisor knows just how essential a succession plan is, and yet many advisors don’t take the time to implement one. It’s easy to get caught up in the present and not want to take the time away from focusing […]
Retention Bonuses Send A Signal To Advisors
When the media recently reported that “JPMorgan Chase & Co’.s traditional brokerage unit has begun dangling retention offers to some of the 200 brokers it acquired through its purchase of First Republic Bank’s assets earlier this month,” the news was no surprise to the RIA recruiting community. Afterall, Big Banks and their appreciation for talented […]
8 Things A Certified Practice Valuation Can Unlock
In the dynamic and ever-evolving landscape of financial advisory practices, understanding the true value of your business is paramount. A certified practice valuation provides financial advisors with invaluable insights into their firm’s financial health, growth potential, and overall worth. In this cover story, we explore the significance of practice valuations and delve into specific examples of […]