“Fill Your Cup”: A Reminder for Advisors Entering the Busy Season
As the year winds down, many people begin to settle into holiday rhythms – wrapping up loose ends, reconnecting with loved ones, and reflecting on the past twelve months. But in the world of financial advice, December often marks the beginning of one of the busiest stretches of the year. Advisors everywhere are diving into […]
AI in Advisory Firms: A Thoughtful Approach to Adoption
Artificial intelligence (AI) is no longer a futuristic concept. It’s here, and it’s reshaping the way financial advisory firms operate. From automating routine tasks to enhancing client insights, AI offers a range of possibilities that can improve efficiency, accuracy, and client experience. Yet, as with any transformative technology, adopting AI thoughtfully is critical. At Crux […]
Financial Wellness Check-up for Financial Advisors: Is Your Business in Good Health?
You spend your days helping clients stay financially fit — reviewing portfolios, managing risk, and keeping their goals on track. But how often do you stop to check the health of your own business? Just like your clients’ financial plans, your practice needs regular check-ups to stay efficient, profitable, and resilient. Taking a step back […]
When It’s Time to Join Forces: Why More RIAs Are Finding Strength in Partnership
As someone who has spent years helping advisors build practices and navigate transitions, I can say with confidence: the “go it alone” era is giving way to something far more collaborative. More and more hybrid and Registered Investment Advisors (RIAs) are choosing to merge with larger firms or tuck into established practices, and it’s not […]
Succession Planning for Financial Advisors: Transition with Success!
The financial services industry is rapidly aging. Nearly 106,000 advisors are planning to retire over the course of the next decade, according to the Cerulli Associates 2024 U.S. Advisor Metrics report. Alarmingly, 26% of them are still unsure of their succession plans. If you’re a financial advisor and you’re unsure of your succession plan, you’re […]
Navigating Career Paths in Financial Advisory: Independence vs. Traditional Firms
Financial Advisors have a lot of choices when it comes to creating the business model that works best for their lifestyle and business appetite. Work/life balance and upside financial potential, are two of the many reasons financial professionals decide to go independent. Driven by a growing demand for personalized, unbiased financial advice, the number of […]
The Pros, Cons, and Personas of Choosing an Advisory Business Model
If you were to ask most financial advisors what drew them to the profession, they would likely cite three core intrinsic values – striving for purpose, being of service, and achieving autonomy. While these guiding principles standalone in designing an advisory practice, they can also come together to form a through-line toward legacy. The desire […]
Beware a New Kind of FOMO: 5 Questions for Entrepreneurial Financial Advisors
Have you ever had the nagging and recurring thought that you’re just not keeping up? Given the fast-paced world in which we live and the constant barrage of information (and misinformation) we might experience on a daily basis, you’re not alone. Some might call this feeling FOMO – Fear of Missing Out – a term […]
3 Fatal Flaws That Can Undermine Any Successful Financial Advisor
Financial advisors are typically adept at in-depth portfolio analysis, investment knowledge, risk management, and strategic financial planning for their clients. But what sets the most successful advisors apart from a more average advisor? While professional skills such as the ones listed above are essential for career success, advisors who are considered to be among the industry […]
What the Big Deal Valuations for Massive Firms like Fisher Investment and Creative Planning Mean for Other Registered Investment Advisors
The surge in private equity’s interest in Registered Investment Advisory firms (RIAs) is a trend that’s hard to ignore. This summer, Fisher Investments secured a significant deal, selling a minority stake to Advent International and the Abu Dhabi Investment Authority. This transaction valued the firm at nearly $13 billion. Creative Planning has also been in […]
