Eric Rasmussen

2 weeks 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.

2 weeks 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.

1 month 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.

1 month 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.

1 month 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.