by Matt Sonnen | Sep 13, 2024 | COO Best Practices, Entrepreneurship
In talking with RIA owners and particularly RIA operations professionals, the topic of fees often comes up. “What is your standard fee rate? Have you had to lower your fees over time?” are common questions posed from one RIA to another. The value clients place on...
by Matt Sonnen | Aug 15, 2024 | M&A, Operations and Technology
The registered investment advisor industry continues to report declining organic growth numbers, with many firms struggling to see gains above that of the stock market. With the allure of an infusion of capital from private equity investors dancing in RIA...
by Matt Sonnen | Jul 17, 2024 | COO Best Practices, Operations and Technology
Having left large bureaucratic institutions that “manage to the lowest common denominator,” many RIA owners are reluctant to institute systems and processes because they feel by doing so, they will limit the “uniqueness” they have worked so hard to create by setting...
by Matt Sonnen | Jun 11, 2024 | Operations and Technology
Various industry surveys over the years have indicated that the larger an RIA gets, the more likely they are to leverage the services of more than one custodian. Over my 27 years in wealth management, I can confirm that the conventional wisdom has been, regardless of...
by Matt Sonnen | May 1, 2024 | Operations and Technology
Advisors tout the need to regularly review a client’s financial plan to ensure the portfolio is tracking in the right direction, to confirm the client’s goals have not changed, and to see if adjustments are needed for the rate of spending, saving or investing. ...
