13 May 2013
The Alliance for RIAs, a group of such firms which collaborates on issues like growth strategies, has released a whitepaper laying out ways advisors can make their businesses more valuable to external buyers. The paper, called Myth vs Reality: What is Your Independent Advisory Firm Really Worth?, is the third in a series focused on creating value at advisory firms . It describes a concept called the “multiple gap,” which aRIA says often results in advisors thinking their firms are worth more than they really are.
9 May 2013
The Alliance for RIAs has unveiled a new white paper laying out business strategies for advisors and firms that are independent and want to remain that way. Realizing Your Ideal Model is the last paper in a four-part series entitled Creating Value and Certainty Within Your Independent Advisory Firm . The papers are based on the combined experience and observations of the six aRIA members, who collectively manage over $20 billion in client assets.
7 May 2013
A fee only wealth manager has launched a purely online version of its advice offering, as it aims to reach more investors. Savant Capital Management is aiming to become one of the first fully online offerings for financial planning and investment, whereby each client will receive a dedicated team . Firms such as FutureAdvisor and Personal Capital have pioneered a purely online approach to wealth management.
30 April 2013
Zero-Alpha Group, a network of RIAs, is launching a forum to enhance collaboration among advisors about best practices. The ZAG Collaboration Forum is structured into seven sub-committees which focus on: human capital, marketing, technology, integrated wealth management, compliance, CFO responsibilities and investment . Meanwhile, Brent Brodeski, chief executive of Savant Capital Management, will lead a supervisory team to monitor progress and identify resources for the committees.
3 July 2012
Savant Capital Management and The Monitor Group have finalized their previously-announced merger to create Savant Capital, a national RIA with $2. 7 billion in assets under management . Rockford, IL-headquartered Savant Capital will have ten offices across Illinois, Wisconsin, Virginia and Florida, offering investment management, financial planning, and family office services to individuals, trust funds, retirement plans and non-profit organizations.
1 May 2012
A group of RIAs has teamed up to form an industry council, with a plan to meet regularly and produce thought leadership on business growth strategies for independent advisors. The members of the new “aRIA” group include: Brent Brodeski, chief executive of Savant Capital; John Burns, principal at Exencial; Ron Carson, CEO of Carson Wealth Management Group; Jeff Concepcion, CEO of Stratos Wealth Planning; Matt Cooper, president of Beacon Pointe Wealth Advisors; and Neal Simon, CEO of Highline Wealth Management . The associated firms collectively advise on $18 billion of client assets.
26 April 2012
Savant Capital Management and The Monitor Group, both fee-only RIAs, are set to combine and form a firm with $2. 7 billion in assets under management . The combined business will be called Savant Capital and have ten offices across Illinois, Wisconsin, Virginia and Florida, the firms said in a statement.
26 August 2008
Zero Alpha Group supports new "platinum standards" for investment advisors. In the face of market upheaval and generally waning investor confidence, the financial planning industry needs tougher enforcement and clearer standards for investment advisors acting as fiduciaries . So says the Zero Alpha Group (ZAG), a network of nine independent RIAs that collectively manage more than $7 billion in assets.
7 April 2006
Morningstar says it's far from hidden, the effect is anyway debatable. Mutual-fund investors beware . So says a study by advisory-firm network Zero Alpha Group (ZAG).
5 April 2006
The Zero Alpha Group, a US-based network of wealth management firms, has added another member, the Monitor Group. The Monitor Group is a ...
News and Features
Comment and Analysis
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
19 June 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013