by Patrick M. Kelly | Sep 26, 2023 | RIA
As financial advisor considering independence, one of the decisions you’ll need to make is whether to join a Registered Investment Advisor (RIA) or an Independent Broker-Dealer (IBD). Both paths offer distinct advantages and considerations. RIA (Registered...
by Patrick M. Kelly | Aug 11, 2014 | Banks, RIA
[pullquote]Banks and the independent advisory model do not fit[/pullquote] Boston Private Bank & Trust, a division of Boston Private Financial Holdings, is buying Banyan Partners — one of the industry’s fastest-growing wealth managers, with $3.7...
by Patrick M. Kelly | Apr 3, 2014 | RIA, wirehouses
“Recruiting a wirehouse advisor can be well worth the effort for growth-minded RIA firms — but it’s not easy, it takes time and you should expect a lot of false starts.” That’s the message from Neal Simon, founder and chief executive of Highline...
by Patrick M. Kelly | Nov 18, 2013 | Financial Services Industry, RIA
In an interview with Kris Frieswick reporting for OnWallStreet, John Thiel, head of Merrill Lynch Wealth Management, discusses what Merrill is doing to meet the competitive challenge of the RIA model. “The number one thing clients want is transparency. They want...
by Patrick M. Kelly | Jul 31, 2013 | Compensation, RIA
[pullquote]Is the RIA profession entering a golden era? Sounds gushy, but it might be true.[/pullquote] “Increasingly, investor mindshare and wallet share are moving into the space as people turn away from the commission-based model in favor of a fee-based one that,...
by Patrick M. Kelly | Jul 25, 2013 | Financial Services Industry, RIA
Raymond James is looking to attract RIAs from all over the country and has established four regional director positions based on that goal. But the two areas where Raymond James sees the biggest opportunity are the Northeast and West, Bill Van Law, president of...
