Advisor Business

Pershing's Tibergien Cites Pros And Cons Of M&A In Interview With IN's Kelli Cruz

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Merger and acquisition activity is increasing in the RIA industry but the activity is not concentrated in firms selling to consolidators. It’s more focused on advisors merging with other advisors.   Investment News’ Kelli Cruz interviewed Pershing’s Mark Tibergien about the pitfalls advisors need to watch out for in considering a merger or acquisition.

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Wall Street Journal Blogger Refutes CFP Board's Response To His Accusations; Says CFP Board For Years Has Publicly Preached Putting Clients First

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Allan Roth, a CFP and blogger for The Wall Street Journal, refutes the CFP Board's claims about when it was obliged to enforce the fiduciary standard and says the CFP Board's offer to put him on a committee to review disciplinary actions against CFPs came with strings attached. Two weeks ago, Roth, a CFP practitioner from Colorado, Springs, Col., publicly chastised the CFP Board in his WSJ blog for not enforcing the fiduciary standard. He cited an incident in which he alleged that a CFP professional "double-dipped" by charging a client 5.29% in comm

Increased Fees And Greater Efficiencies Drive Growth In The Advisory Industry

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The housing market is showing solid signs of recovery but what about the investment advisory industry?   The 2012 Investment News/Moss Adams Financial Performance Study of Advisory Firms shows there is growth, but it’s mainly from increases in fees and greater operational efficiencies.

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Guest Post: CFP Board Responds To Wall Street Journal Blogger Who Accused It Of Not Enforcing Fiduciary Standard; Says Incident In Which A CFP Allegedly Charged Client 5.29% Annually Occurred Before Fiduciary Standard Was Imposed

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In a post last week on A4A, I wrote about a scathing criticism of the CFP Board written by a blogger for The Wall Street Journal who is also a CFP licensee. Citing an incident in which he alleged that a CFP professional "double-dipped" by charging a client 5.29% in commissions and advice fees annually on assets in a variable annuity, WSJ blogger Allan Roth accused the CFP Board of giving little more than lip service in requiring CFPs to act in their clients’ best interests. In this guest post, the CFP Board responds. 

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CFP Board Lambasted In Wall Street Journal; WSJ Blogger And Practitioner Allan Roth Questions Whether CFP Board Deserves To Be Trusted

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In a scathing column blasting the CFP Board, CFP licensee Allan S. Roth, who writes for The Wall Street Journal’s personal finance blog, accused the CFP Board of giving little more than lip service in requiring CFPs to act in their clients’ best interests.

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