Managing
Why RIAs And IA Reps Should Employ A CIPM Certificant On Staff Or As A Consultant
- Details Category: Practice Management
Ninety-seven candidates passed CFA Institute’s October 2013 exam for the Certificate in Investment Performance Measurement (CIPM®) program. That brings the total number of CIPMs worldwide to 1,093, including 647 in the U.S.
For RIAs, adding a CIPM certificant to your firm’s professional staff would significantly boost its trustworthiness, transparency, and professionalism.
For Investment Advisor Representatives (IARs) the CIPM certificate could be a valuable professional designation to boost your career.
Getting Your RIA To The Next Level: Did You Reach Your Goals 2013? Prepare For a Successful 2014
- Details Category: Practice Management
In my 2012 year-end post, Getting Your RIA To The Next Level In 2013: Resolve To Follow These Six Steps And I’ll Help You Follow Through, I laid out a six-step process to help your firm get to a new level of success in 2013. In my March 12, June 28 posts, and September 26 posts, I followed up to see how you were progressing. It is now the end of 2013 and it’s time to check in and see if you are maintaining momentum and made progress in 2013? Use these six steps to lay out a plan for a successful and prosperous 2014.
Two Industry Studies: What Can Be Learned and How This Information Can Transform Your Business
- Details Category: Practice Management
When new industry studies come out, I enjoy looking at what the research is telling us about the topic and potential impact on the future of the industry. In these studies, there often are a few statistics that can help firms identify opportunities for improvement and ways to separate themselves from the competition. This is a good time of the year to identify areas your firm needs to improve and map out the initiative for 2014.
Three Success Factors To Break Through Your Growth Ceiling
- Details Category: Practice Management
The vast majority of firms, at some point in the growth of their business, will hit a ceiling or series of ceilings. This “ceiling” is the point where your internal resources supply (people, technology, and your system of doing business) cannot keep up with the growth demands for your firm’s services.
To become a top performing firm, you need to recognize that you have hit, or are about to hit, a ceiling and be able to break through them.
Don't Let The Four Year Bull Market Make You Too Comfortable; Despite Recent Pay Hikes, Advisors Have Work To Do
- Details Category: Practice Management
“It's good to be boss,” says today's top story from Investment News. “Owners, top advisers see double-digit pay hikes.”
Sure, it’s good to be the boss at an RIA when you’re riding a four-year bull market!
But let’s not forget the pay cuts advisors took in 2008 and 2009, which slashed pay for the very same owners and top advisors by 50% or more.
The IN story does mention that, despite the pay gains, advisors are facing stuiffer competition and they are the people who are at risk in falling markets, but it's worth drillin
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