The Long View Andrew Blake: Broker/Dealer Consolidation and Fee Compression Have Been Much Bigger Headwinds for Advisors Than Market Volatility
Jun 11, 2024
Andrew Blake, Associate Director of Wealth Management for Cerulli Associates, discusses challenges in the financial advisory industry, such as broker/dealer consolidation and fee compression. He explores trends like the rise of independent RIAs, the importance of financial planning mentorship, and the evolving role of technology in financial advising. The podcast also covers the need for innovation in advisor services, the impact of advisor retirements on the industry, and the integration of financial advice programs in universities.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Intro
00:00 • 2min
US Advisor Metrics Research Methodology and Industry Trends
02:12 • 11min
Challenges and Opportunities in Financial Advisory Technology
13:41 • 5min
Challenges of Advisor Retirement and Succession Planning in the Industry
18:43 • 3min
College Financial Advice Programs and The Blurry Definition of Financial Planning
22:13 • 3min
Evolution and Trends in Financial Advisor Services
25:27 • 23min
Closing Remarks and Morningstar Investment Conference Announcement
48:11 • 2min