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Despite the benefits of independence, there is an added time, cost, liability and regulatory burden.
From starting an RIA to joining an independent broker-dealer, there are myriad options for advisors seeking to go independent.
Choosing a broker-dealer and/or a custodian is one of the most important decisions for advisors going independent. Here are five questions for each choice.
Advisors who are thinking of starting their own firms need to understand that compliance is as essential to their business as any other aspect.
When going independent, advisors should create and use an electronic practice playbook as a tool to help stay organized and navigate easily through technology procedures.
Two veteran industry recruiters discuss the appeal of going independent.
Assets in accounts that consider environmental, social and governance factors increased 76% from 2012 to 2014.
"Like poor asset allocation and poor portfolio diversification, poor tax diversification can be detrimental to your clients’ wealth," says one planner.
For starters, advisors must educate their clients about the value they are providing.
Successful advisors have come up with a clever array of special events to attract and serve very wealthy clients.
It's not just the extra millions that set wealthy clients apart from their less wealthy counterparts, and advisors who want to work with HNW clients must be aware of their different needs.
Even the wealthiest clients are happy when their advisors uncover extra cash for them. Here’s how to do it.
A new study finds that donor-advised funds are outnumbering all other charitable donation vehicles combined.
By making gifts through donor-advised funds, clients can get a tax break while still supporting an international charitable cause.
The impact of making a few large gifts may be quite different than the outcome from making many smaller gifts. Here are some tips to help clients decide how many charities to support.
Once a client has made a donation to his or her favored charity, your work has just started. Changes in tax laws, investment values and charitable organizations mean that advisors need to be vigilant.
Advisors can help identify those organizations that will be most satisfying to support and may strengthen their relationships with clients in the process.
The Chartered Advisor in Philanthropy certification is designed for individuals in a range of fields. Advisors say the designation has helped elevate their conversations with wealthy and philanthropically-minded clients.
While donor-advised funds surge in popularity, a foundation may make more sense for those with more than $5 million to give.
A continuity plan should be simple and spell out how unexpected interruptions could affect the business and how to safeguard the firm, employees and clients.