Investors looking for a financial advisor will find an industry in a state of flux.
It’s funny how history has a way of repeating itself, how being exposed to one way of life can teach you something about another, sometimes decades later. However, to learn this lesson — and glean something from history — you must be willing to pay attention to the environment around you.
Advisors risk alienating clients when they treat younger ones differently than more mature ones, says Carson Group’s Aaron Schaben. Never underestimate how much boomers demand the same experience, the same technology, the same services as their younger cohorts, he insists. “I would tell you that that’s next gen. Deliver on that.”
There are two groups of advisors, according to Ron Carson: Those that are expanding and those that are just “hanging on.” So, which group do you belong to?
The Carson Group family of companies, with $7.2 billion in assets under management, has announced a strategic relationship with Barron’s and Creighton University in Omaha, Nebraska, to make the next generation aware of the opportunities within the financial services profession.
Paul West, managing partner and lead advisor for Carson Wealth, which works with many affluent investors, said he is not giving clients guidance that “sunny skies” are on the horizon: “We have moved from partly sunny to partly cloudy, not a full storm, but more clouds than before as we look at it.”
TRANSITIONING FROM ADVISORY PRACTICE TO BUSINESS: CARSON EXCELL 2019
OMAHA, Neb., Oct. 11, 2018 /PRNewswire/ — Carson Group, a family of companies committed to being the most trusted for financial advice and guidance via service to both advisors and investors, today reported the firm added $1.2 billion in committed assets throughout Q3. The recently recognized Barron’s Top 40 RIA Firm* now manages $15B in assets under advisement, serving 18,731 families. Carson Group expects …
Advisors who don’t adapt to new technology and update their business models will struggle to maintain their businesses two years from now, said Ron Carson, CEO and founder of the Ron Carson Wealth Management Group.
From stealth fee compression to mass retirement-asset drawdowns, advisors must adapt or die, Carson says. Adaptability will be the most important part of investment advisor growth going forward, Ron Carson said during his keynote address at the Financial Planning Association conference in Chicago on Thursday. “We call it AQ, the adaptability quotient, and it’s never …