Welcome everyone! Welcome to the 394th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Christi Van Rite. Christi is the Founder of White River Consultants, a firm that provides administrative family office services to 17 ultra-high-net-worth households, and is on track to generate nearly $1.5M in revenue this year from […]
Archives for July 2024
First Republic losses nearly over for Pershing after $23B outflow
With a profit margin of 46% in the business segment and new converts using the firm’s technology, BNY CFO Dermot McDonough said the company is in good shape.
Citigroup’s wealth division on the mend as Q2 earnings surge
Citi’s CEO Jane Fraser assured investors Friday that the megabank was on the rebound from a corporate restructuring and regulatory actions.
Weekend Reading For Financial Planners (July 13-14)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that at a time when employee retention has heightened importance for advisory firms given the ongoing competition for advisor talent, recent studies indicate that factors such as firm culture and leadership, as well as providing advisors […]
Editor’s Comment: Paying up for regulation
The soaring cost of regulation came home with a thump with a report this week from the FCA that its average salary is now over £71,000 a year – more than double the mean UK average. With over 4,900 employees employed by the FCA (sharply up due to regulating crypto and funeral plans) that’s a […]
Kitces & Carl Ep 142: Carl’s 13 Magical Questions Of Conversational Goodness With (New) Clients
Meaningful communication is crucial to building strong, durable relationships, and asking effective questions is an essential part of facilitating impactful conversations. Being able to initiate and lead those conversations has become an important aspect of any financial advicer’s skill set, but for many, it’s one that isn’t always as straightforward or easy to learn… particularly […]
Tavistock spat with former investment manager Titan worsens
The spat between national Financial Planner Tavistock and its former wealth manager Titan has worsened with Tavistock instigating legal action agains Titan. Earlier this week Berkshire Financial Planner Tavistock terminated its 10-year strategic investment partnership with Titan Wealth, blaming “unacceptable performance.” The surprise axing of the tie-up, agreed in June 2021, was issued to the […]
IRS collects $1 billion from high-income people who owed back taxes
The IRS is collecting on tax liabilities that were not “even in dispute,” Commissioner Danny Werfel said, but the IRS did not previously have the resources to pursue payment.
Ohio shortage of certified accountants is part of a national trend – 10TV
Ohio shortage of certified accountants is part of a national trend 10TV
Morgan Stanley wins $10M clawback from advisor with checkered record
The arbitration award comes amid the industry’s aggressive push to make sure departing wealth managers pay back money owed on recruiting loans.