Alex Brown – RayJay Survey

First things first As we converse daily with dozens of Alex Brown advisors, we noticed a recurring subject around uncertainty which would lead to the following question: “What are you seeing other FA’s like me do?” In this survey we set out to answer that question. The Gershman Group conducted an independent survey, anonymous compiling…

The Art of Executing a Firm Transition

Making a transition to a new firm can be exhilarating, but it’s essential to “think fast and slow” – we applaud the adrenaline and momentum but no so fast, the devil is in the details as always. Here are a few headlines to have top of mind to ease your transition. Ink It, Don’t Speak…

The humbling of Goldman Sachs

The struggle to reinvent a firm trapped by its own mythology Goldman sachs has always seen itself as exceptional. When the bank floated its shares in New York in 1999 it declared: “We have an uncompromising determination to achieve excellence in everything we undertake.” Conspiracy theorists have long paid it the backhanded compliment of imagining…

Goldman Cannibalizes Its Wealth Management Division

What does the open architecture of the Goldman Sachs’ One platform mean for in-house advisors? A Landmark Deal Creative Planning and Goldman Sachs Forge Unprecedented Partnership. Creative Planning, helmed by visionary CEO Peter Mallouk and managing an impressive $210 billion in AUM, has entered into a strategic alliance with Goldman Sachs. Creative Planning will now…

AI Jobs: A Boom or Bust for Financial Advisors

There’s been much talk about AI recently, and we thought it would be worth evaluating how AI is set to impact advisors. As top-tier advisors know, AI isn’t going to replace those jobs, but it very might well replace jobs that call centers currently handle in the neighborhood of values $300,000 or less. The loss…