independent advisors
Sophisticated investors choose ETFs over mutual fundsPosted by RJ and Makay on Aug 26, 2011 |
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Exchange traded funds (ETFs) are attracting wealthier, younger and more engaged investors than their mutual fund counterparts, according to a new joint study by Cerulli Associates and the Investment Company Institute (ICI). Advisors, for the most part, are not using a lot of ETFs, but investors who utilize them tend to represent the ideal advisor client.
Charles Schwab begins advisory franchise programPosted by RJ and Makay on Jun 17, 2011 |
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Independent advisors will now have the opportunity to franchise local Schwab branches, Charles Schwab announced recently. The program, Independent Branch Services, has already attracted interest from over 100 advisors, and the company plans to start serious negotiations later this month with prospective franchisees once it has finalized franchise disclosure documents.
RIAs ride business growth trendPosted by RJ and Makay on May 20, 2011 |
A recent survey of more than 500 registered investment advisors found that 73% of them had won more clients in the last six months, a 7% increase from a year earlier. Only 5% of RIAs reported fewer clients, compared to 8% last year. Clients opting out of traditional full-commission brokerages are providing most of their new business, continuing the trend of the past few years.
Maritz Inc. conducted the survey between March 21 and April 1, 2011 on behalf of TD Ameritrade Institutional, and included both TD Ameritrade custodial RIA’s and others.
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