Hints and tips:
...Mariner Wealth announced its ninth acquisition of the year last month, while Mercer Advisors scooped up 15 RIAs this year....
...Only three other RIAs — Summit Financial Wealth Advisors, Catalyst Capital Advisors and Feltz Wealthplan — increased their client assets by triple digits last year....
...latest upbeat ADP employment report hints at a robust November payrolls survey [due out on Friday], cementing the case for a modest Fed tightening in December,” said Nick Stamenkovic, macro strategist at RIA...
...“There are few signs of a pick-up in wage pressures,” said Nick Stamenkovic, macro strategist at RIA Capital Markets....
...On the other hand, RIAs face a potential threat in robo advisers....
...“All in all, third-quarter UK GDP figures point to a cooling of growth, reinforcing the BoE’s lack of urgency to hike rates,” said Nick Stamenkovic, macro strategist at RIA Capital Markets....
...“The July FOMC minutes were more dovish than expected as the Fed remains in a quandary over the timing of a tightening,” said Nick Stamenkovic, macro strategist at RIA Capital Markets....
...“Recent US data are consistent with moderate growth in the third quarter, keeping the Fed on track for a September tightening,” said Nick Stamenkovic, strategist at RIA Capital Markets....
...Beginning in October, the 3,000 RIAs that hold their assets with Fidelity, for example, could use Betterment as an optional platform....
...The research showed only 5 per cent of households that owned mutual funds also owned ETFs but their usage is increasing among Registered Investment Advisers (RIAs) and financial advisers at broker dealers...
...RIAs are also grabbing SMA manager attention. Pimco just launched a new laddered municipal bond strategy exclusively through Schwab Institutional’s RIA platform....
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