The Post-COVID Challenges Facing the Planning Profession
New data on consumer preferences and behaviors during COVID shows that the advisory firms face daunting challenges with respect to staffing, differentiation and – if they are private-equity backed – financing and maintaining profitability.
How to Choose a Broker-Dealer
Selecting a broker-dealer and an advisory firm is one of the most consequential decisions a financial professional faces. The wrong choice will lead to poor technology, unresponsive compliance departments and insufficient investment choices, which combine to prevent financial professionals from enabling their clients to reach their financial goals. The right broker-dealer will serve the financial professional and be in perfect alignment with their long-term strategy and goals.
Three advisors share why they chose their firm and the factors that have been critical to their operations including:
- A personal and responsive relationship
- The cultural fit
- Investment and financial planning support
The Economics of Independence
The Registered Investment Advisor (RIA) model is an opportunity to build your own brand and put your clients first – but how do the economics work? Is the transition to independence worth the cost? Does the earning potential compare to wirehouse and independent broker-dealer models?
In Schwab Advisor Services’ latest white paper, The Economics of Independence, we evaluate key areas related to the financial success of a firm. By comparing revenue potential, cost control, and business equity, you can have a better idea of how the economics of independence stack up against those of your current practice.
Download this white paper to explore the rewards of independence.