Succession
Wealthcare Capital Management Provides Novel "Annuity" Payout For Its Affiliates
Brilliant and completely undercovered idea: Virginia RIA Wealthcare Capital Management is letting its advisors convert their books into long-term income whenever they want to walk away.
Entry-Level Advisor Compensation Edging Upward As Demand For Young Talent Outstrips Supply
Newly minted advisors now earn an average of $47,450 a year, according to the Financial Planning Association. As graduates of professional programs find it easier to get jobs, their more experienced peers may have more leverage on compensation.
Schwab Reports Record RIA M&A Last Year As Postponed Negotiations Heated Back Up
The momentum for a strong wave of consolidation in the advisory space still seems to be building. Now it's Schwab Advisor Services saying that M&A throughout the industry reached a record level in 2010.
Maximum Planning: Part I
Selling your practice to a staff member, or a son or daughter, demands the implementation of a transition plan at least 10 years ahead of time – or the plan is destined to fail.
Most RIAs Who Sell Their Businesses Have To Finance The Deals Themselves
Only the biggest RIA firms sell for cash, says a noted expert in the advisory M&A field. Everyone else ends up financing the deal over a few years while the new owners find their feet.
