Subscription-based pricing offers advisors a simplified, predictable approach to pricing, including a competitive investment choice for cash. Prices start as low as $25 per month, depending on the amount of assets.
Zero-transaction-fee pricing provides a low-cost solution for client portfolios heavily weighted toward equities and ETFs.
Variable pricing, which includes over 80 cash-sweep options, works best for clients with complex needs who benefit from customized asset or transaction-based pricing.
First Ascent Launches Resource Center For Investor Education
First Ascent Asset Management, a turnkey asset management program provider, has launched the Navigator Investor Education Resource Center to help advisors educate their clients on how to behave as successful investors.
The center provides material that advisors can use to educate their clients on the fundamentals of investing, as well as help them establish reasonable expectations as long-term investors.
Visitors to the First Ascent website can locate the center under the “Knowledge Center” tab. It includes what First Ascent calls “edu-docs,” as well as videos that cover a wide range of topics. The material is free and available to all advisors.
Raymond James Unveils New Program For Aspiring Financial Advisors
Raymond James, a diversified financial services company headquartered in St. Petersburg, Fla., has introduced its Wealth Management Associate Program (WealthMAP) to attract and train aspiring financial advisors.
WealthMAP provides an opportunity for professionals who want to explore a new career as a financial advisor but also want to gain more industry experience and knowledge before deciding to join Raymond James’s new, more formal Advisor Mastery Program.
The two-year introductory WealthMAP program prepares candidates to earn their Series 7 and Series 66 licenses, and to develop real-world financial planning skills through hands-on experience and home office training, branch and group coaching, and wealth planning and technology support. Successful program graduates will transition immediately into the Advisor Mastery Program.
Students enrolled in the inaugural WealthMAP class, which convened in January, participated in 20 of the firm’s branch locations. More than 70% of the class is diverse and over half come from a different field or are recent graduates.