Page 2 - David Devoe News Today

We posed a hypothetical practice management dilemma facing an advisory firm. Then we asked three experts to weigh in on the merits of the advice.

Advisor attrition is becoming increasingly common as next-gen talent consider their options—and they want ownership.

Up to 5% of revenues should be spent on marketing and sales, say industry experts, as only 12% of advisors are actively seeking referrals.

On the first day of DeVoe & Co.’s Elevate conference this week, attendees were told its time to channel Kung Fu Panda and be more like Starbucks.

David DeVoe said that while the RIA industry has seen record M&A activity organic growth has been declining.

The sale of a 20% private ownership stake in CI Private Wealth accomplishes the same goals as the planned IPO.

More than $6.6B in assets was transacted this week, two new firms were launched, an investment bank opened, and firms filled key positions.

Fireside hopes to soon bring its interactive technology to smart TVs, Fire TV, Apple TV and Roku.

CG Advisor Network leaves Geneos Wealth and changes its primary custodian from Schwab's TD Ameritrade.

The pace of RIA consolidation is showing a rare sign of slippage, which could mean 2023 is a year that doesn't set a new record for deals.