Non-correlated investments used to entail high minimums and low liquidity — but now even mass-affluent clients can find diversification through alternativemutual funds.
The U.S. is in the midst of an economic revolution akin to the Industrial Revolution of the late 1700s and early 1800s, says Raymond James strategist.
In addition to an advisor shortage, bank programs will contend with the challenge of keeping up with technology and client expectations regarding communication practices.
As advisors look to protect clients' assets, and lock in steady income streams as well, they're changing the ingredients they use. They're adding new products to the mix with an eye-always-toward allaying the anxieties of their conservative clients.
Whether you want to keep working or enjoy a traditional retirement or anything in between, you have options-you just need to educate yourself on the possibilities.
Advisor Ryan Beal gave away most of his clients-and then built back up-to focus exclusively on cops and firefighters. Their personalities and senses of humor are similar to his own, plus they have good retirement packages. And he gets to ride on a fire truck to boot.
Paul Cahill from Virtus Investment Partners notes that 10% returns were a reality for previous generations—but not anymore
“We’re not maniacally focused on how many advisors we have affiliated with the firm,” says Scott Curtis, president of Raymond James Financial Services.
Banks and credit unions are rewarding their advisors with higher payouts for fee-based business, ranging from 40% to 50%.