Rise Growth’s Joe Duran and Kitces.com’s Michael Kitces debate some of the most pressing issues in wealth management, including the need to have a brand, the value of private equity and whether culture matters.
RIA acquirers and M&A consultants speaking at Wealth Management Edge said firms with G2 leaders, including equity stakeholders, are often more desirable targets and will fetch a higher value.
RIA and investment leaders at Wealth Management EDGE said future-ready firms will expand revenue via adjacent services and cultivate second-generation advisors through tactics including equity stakes.
As information and AI become more available, the human connection will emerge as the only differentiator for advisors seeking nextgen clients, according to speakers at Wealth Management EDGE.
RIAs can unlock organic growth by “getting out of the grind” and creating repeatable operations to bring in new clients, said speakers at Wealth Management EDGE.
TradePMR and Robinhood executives speaking at Wealth Management EDGE said they are working toward connecting advisors to the 26 million self-directed Robinhood users, who are now an average age of 35.
For the RIA industry to shed the “eat what you kill” label by the next generation, they must “break resistance” to passing on clients, according to panelists speaking at Wealth Management EDGE.
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