Can ChatGPT Help Fix My Practice?
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.
Source: wealthmanagement.com
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Top News In David Devoe Today - Breaking & Trending Today
Advisor Attrition Becoming Fate Worse Than Death
Advisor attrition is becoming increasingly common as next-gen talent consider their options—and they want ownership.
Source: wealthmanagement.com
RIAs May Be Dropping the Ball on Marketing and Referral Initiatives
Up to 5% of revenues should be spent on marketing and sales, say industry experts, as only 12% of advisors are actively seeking referrals.
Source: wealthmanagement.com
Elevate: Growing RIAs Provide Experiences, Not Products
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.
Source: wealthmanagement.com
Organic growth in the RIA space is fading away
David DeVoe said that while the RIA industry has seen record M&A activity organic growth has been declining.
Source: investmentnews.com