Editor’s Note: This post is a collaboration between Marissa and another member of the Gregory FCA team, Kathy McConnell. At a breakout session at the recent TD Ameritrade National LINC Conference, the discussion centered in on advice for RIA executives looking to have success in transactions, as either buyers or sellers. The panel discussed the range of options, from merging into a national RIA brand to aligning with a financial partner who could provide liquidity to existing partners while allowing the firm to manage itself independently.
At the end of January, Joe Anthony and I, along with 1,800 ETF industry participants, descended upon Hollywood, Fla. for the annual Inside ETFs Conference. We were given the opportunity to “geek out” over the newest trends, key players and the future of this industry, which I believe is still in its infancy. There seems to be so much potential in terms of new products and strategies. Between the panels, networking events and one-off conversations with attendees, several themes and topics came up over and over again.
The anti-vaxers movement represents a deadly new attack in the war on science. This time, it’s being waged disproportionally by the left, among an affluent, well-educated army of science deniers, spurred on by Jim Carrey, Jenny McCarthy, Bill Maher, and a slew of other Hollywood celebrities. They are particularly dangerous in that they can’t be dismissed as simply misinformed, uneducated, fundamentalist fueled or some bizarre pronouncement from Chris Christie.
For an RIA to survive and thrive, long-term plans to support growth, maintain loyal customers, and incorporate innovation must be in place. Advisors, who in essence are small business owners, need to think creatively to remain relevant in today’s crowded financial advice industry. The good news for advisors looking for that edge is that there are a number of well-known brands and companies that have modeled some best practices in their respective industries.