Image via Wikipedia LIFE IS NEVER EASY for independent financial advisors. Although they’re about to win a historic battle over business standards for investment professionals, the victory could raise an entirely new set of challenges. Independent advisors long have argued that anyone giving investment guidance—whether they run a one-person shop or belong to Merrill Lynch‘s [...]
A Cheaper Variable Annuity?
Casey Smith, President of Wiser Wealth Management, has written this piece on ETN’s from Royal Bank of Scotland. I believe he is harsh on the sales process, and generally inaccurate. Variable annuities are valuable, however, the leading VA companies have allowed the fees to climb to 4.00%, which leaves precise little for investors. A [...]
How Financial Advisors Use Social Media to Create a Better Client Experience by Sean Browne
It’s no secret that customer experience is one of the cornerstones of an effective business strategy for financial advisors. In all honesty, it should have been all along, but many companies chose to hide behind corporate walls and only talk to customers when it was convenient for them instead of when the customer needed them. [...]
The Two Secret Weapons for Surviving Creative Destruction, Part II by Ron Carson
Secret weapon number two is something I have termed SPS — Seamless Proactive Service. Today, our firm provides asset management, financial planning, insurance services, estate planning, and tax services. In the future, SPS will mean providing as many as six or seven additional services to our clients. Can you imagine a process whereby a financial [...]
Ron Carson Blog | The Two Secret Weapons for Surviving Creative Destruction, Part I by Ron Carson
Opportunity abounds, but the risks are greater than ever. We are in a period of creative destruction that is impacting the financial services industry. What’s changing is there is a huge transfer of wealth taking place and the generation on the receiving end-the Investing Generation-is very different from the Traditionalist Generation doing the giving. The [...]
How to Profit From a Top Client Advisory Council, Part III by Ron Carson
In Part I, I discussed what an Advisory Council is and why it makes sense for advisors to set one up. In Part II, I shared a few thoughts that you should keep in mind as you establish your council. Today, I’ll describe the logistics of setting up and running the meetings and review topics [...]
LPL Financial’s IPO: Philip Palaveev’s Analysis | Advisor One
Philip Palaveev, president of Fusion Advisor Network and a leading authority on advisory practices, sees the LPL IPO announced Friday, June 4, as a major achievement for the entire independent broker/dealer business model. For one thing, he said in a telephone interview on Monday, June 7, the IPO will put the largest independent broker/dealer under [...]
Broker Bucks Independence Trend – Financial Adviser – WSJ
This is an interesting contrary indicator with the LPL Financial IPO and the LPL Financial IPO Roadshow is progress. The LPL stock offering is expected to price on November 17th, 2010 and LPL is expected to be valued in a range of $3.2-3.7 billion. For more on the LPL stock offering development go to: [...]
LPL IPO History: LPL to Buy Three PacLife BDs and Near the 10,000-FA Mark | Advisor One
The moment LPL Financial decided to grow by acquisition, was a key historical development in their past five years of growth. this was part of the catalyst. LPL Financial’s IPO is the story of the American Retirement Dream Fulfilled. This IPO is not unlike the IPO of Apple or Microsoft for their respective industry. Todd Robinson, Mark [...]
LPL Financial Shares IPO Plans; On Track to Rival Wirehouses | Advisor One
LPL Financial’s IPO is the story of the American Retirement Dream Fulfilled. This IPO is not unlike the IPO of Apple or Microsoft for their respective industry. Todd Robinson, Mark Casady, Jim Putnam and countless others followed the desires of the American investing public for independent advice, fee for service, non-proprietary products and superior technology. Together they [...]
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American Equity Lifetime Income Rate Changes — Effective June 3rd, 2013
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10 Keys To Becoming A Successful Financial Advisor
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Great American Revised Fixed-Indexed Annuity Rates
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Genworth Update: NAIC Suitability Model Regulation Requirements of Producers
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Great American Revised Fixed-Indexed Annuity Rates
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10 Keys To Becoming A Successful Financial Advisor
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American Equity Lifetime Income Rate Changes — Effective June 3rd, 2013