Industry News

Younger advisors will trade income prospects for stability

Whether you’re growing a financial planning practice, a branch office you own, a corporate- owned branch or a financial planning firm, the ability to recruit high-quality associates is a key component of success. A model of recruiting and business building that’s not frequently discussed is the salaried run financial planning practice. With the average age […]

By David Velanoff |October 1, 2009

6 min read

Attract the best to build your team

Chances are, the next time you’re looking for a talented team member for your practice, you won’t rent out an auditorium, take your seat in the judge’s chair and wince your way through dozens of bad acts in the hope of finding one exceptional star. But even if your interview process doesn’t make for ratings-grabbing […]

By Alison MacAlpine |October 1, 2009

9 min read

ETFs allow advisors to diversify

Exchange-traded funds (ETFs) have had the most profound impact on personal investing since the introduction of the modern mutual fund in 1924. To the myriad strengths that drove mutual funds to growth – diversification, professional management and shared expenses – ETFs have added low costs, transparency, market access throughout the trading day, and tax efficiency. […]

By Mark Yamada |October 1, 2009

3 min read

RFPs see glimmer of recovery

(London, Ont.) Advisors at the Institute of Advanced Financial Planning’s annual symposium in London, Ont. shared a laugh and some optimism that this quarter’s financial statements will be more pleasing for clients. Said one R.F.P, “I actually can’t wait to get back to the office and send out my statements, because the clients are going […]

By Philip Porado |October 1, 2009

1 min read