AUM is an absurdly overused statistic in the advisory world that says little about the quality of the profession's participants, says Mark Hurley, founder and CEO of Fiduciary Network.
Fear Not The Robo-Advisor
The members are “big” firms that think they can buy others with little or no cash.
Profit margins on clients referred from custodians are going to be squeezed to a fraction of current levels.
Acquisitions and mergers often fall apart because the business owners are inexperienced. The successful firms share certain traits.
Fiduciary Network's CEO Mark Hurley releases new analysis that explains how opportunity and competition will alter the evolution of the RIA business.
As financial advice has grown from a cottage industry into a behemoth, small and midsize firms are trying to find their footing.
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