Eric Rasmussen

Colorado Springs

Senior Editor at Financial Advisor

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Articles

Advisor Strategies For Clients With Alzheimer's

1 week ago | fa-mag.com | Eric Rasmussen

What if your client has recently received an Alzheimer’s diagnosis? If it’s caught early, there’s still time for them to make important decisions while the symptoms are mild (or even just waxing or waning).
Young Advisors To Watch In 2025

1 month ago | fa-mag.com | Eric Rasmussen

When Financial Advisor magazine ran its first “Young Advisors to Watch” list 10 years ago, you could already see that attitudes about this industry were changing. There were probably some veterans kicking around who remembered cold-calling dozens (or hundreds) of prospects from a brokerage firm in a skyscraper in the 1980s. But the younger people pushing up through the bottom of the industry by the 2010s had come to know their industry in a different way.
Ex-CEO Of FSC Loses $10M Arb Filing Against Osaic

1 month ago | fa-mag.com | Eric Rasmussen

Another disgruntled former executive at Osaic has popped up on the legal radar after a falling out with the firm. The former chief executive officer of FSC Securities Corp. this week failed to win a $10 million arbitration claim after he accused FSC and its owner, Osaic, of trying to steal his advisory business and interfering with his business’s advisors and employees.
Report Suggests More Clients Want You In Estate Planning

2 months ago | fa-mag.com | Eric Rasmussen

You know there are a lot of retirements coming, and that your clients are likely going to switch from thoughts of asset growth to thoughts of legacy or sustainable lifestyles (being able to live the way they do now without working). A new report suggests that estate planning of this type will have to be part of your service offering, and that advisors who don’t adapt could see clients walk away.
M&A Report Sees Rising Valuations For RIAs

2 months ago | fa-mag.com | Eric Rasmussen

The valuations for RIA firms went up last year, and smaller firms are getting more of a day in the sun, according to a new report from Advisor Growth Strategies, a Phoenix-based consulting firm for registered investment advisory pursuing M&A deals. The heavy deal volume has been partly driven by all the institutional money pouring into the space to pursue deals and seize on a fragmented market.
2025 Independent Broker-Dealer Review & Ranking: IBDs Go Big

2 months ago | fa-mag.com | Eric Rasmussen

In the future, will people have relationships with their financial advisors or with the advisors’ broker-dealers, custodians and other affiliated businesses? It’s an uncomfortable question. Clients rarely accept abrupt changes in their most intimate business relationships, whether it’s with a physician or a ward of their money. But they do accept change that happens gradually. Let’s say your longtime doctor or dentist is retiring.
Cambridge RIA To Pay $15M SEC Penalty Over Fund Fees

2 months ago | fa-mag.com | Eric Rasmussen

The RIA subsidiary of Cambridge Investment Research, the Fairfield, Iowa-based broker-dealer, has agreed to pay $15 million in disgorgement and penalties after the Securities and Exchange Commission claimed the firm put clients in unnecessarily expensive mutual funds and wrap accounts that generated millions of dollars in revenue sharing for the broker-dealer mother ship.
Raymond James Beats Q1 Earnings Estimates

Jan 30, 2025 | fa-mag.com | Eric Rasmussen

Raymond James Financial reported beating earnings estimates for the first quarter of fiscal 2025, and record quarterly net revenues. But company executives also noted the loss of independent branch advisors and frustrations as deep-pocketed private equity firms scoop up advisors from the recruiting pool.
Allspring Managers Tout Small-Caps, Active Management

Dec 10, 2024 | fa-mag.com | Eric Rasmussen

Despite the uncertainty people have felt about the economy and the markets, the team at Allspring Global Investments were upbeat about the 2025 economic and stock market, pointing especially to the broadening of fortunes beyond a handful of mega-cap tech companies and into the small and midcap stock universe.
Moody's Says Cash Sweep Backlash Could Hurt Wealth Managers' Credit

Aug 20, 2024 | fa-mag.com | Eric Rasmussen

When interest rates started to rise a couple of years ago, it was a bonanza for wealth management firms, which could make extra interest off client money parked in short-term overnight bank accounts. But cash sweep accounts have recently won attention for all the wrong reasons. Typically these accounts aren’t for long-term investing but instead hold short-term proceeds from things like dividends or interest or monies for commission payments.