The Benefits and Pitfalls of Incentive Pay in the Wealth Management Industry
The wealth management industry is no stranger to incentive pay. Traditionally, the incentive compensation structure was simplistic, focused on advisors, and based solely on revenue. Now, firms have a [READ MORE]
3 Key Factors to Consider When Hiring for Wealth Operations
For wealth management firms, financial advisors tend to be the targets of recruitment efforts. However, in today's climate, lowering fees and tighter margins are making operational leadership more important [READ MORE]
3 Factors to Consider Before Scaling Up your RIA Business
To scale or not to scale? That is the question occupying most conversations in the wealth management industry these days. With all the noise surrounding growth and mergers, it’s [READ MORE]
Tax Planning Essentials for Financial Advisors
There is no better person to provide tax planning services than a wealth manager. They are in a unique position to understand an individual’s complete financial picture from income [READ MORE]
Hiring Financial Advisors as a Growth Strategy
The classic chicken or egg dilemma. Which comes first? Acquiring more clients or hiring more financial advisors? There is a natural tendency to hold off on hiring new talent [READ MORE]
Declining Financial Literacy is Redefining the Role of Investment Managers
Most adults in the United States skipped “Money Management 101” and it’s causing a crisis. According to the NFEC, financial illiteracy cost Americans roughly $352 Billion collectively in 2021. [READ MORE]