Succession planning is a powerful, value-creating lever, and a pivotal opportunity for RIAs. Over the next decade, more than 100,000 Advisors are expected to retire, representing approximately $12 trillion in AUM changing hands. Yet despite this looming wave of transitions, many firms remain woefully unprepared. A Cerulli Associates report indicates that one in three Advisors [...]
Financial advice has always been about relationships, but today those partnerships straddle two worlds: the human-to-human trust that experienced Advisors build, and the holistic, all-in experience today’s clients expect. Rapid adaptation and digital transformation are now imperative in the wealth management space. Investors demand seamless, tech-driven service while many firms still struggle to deliver a [...]
A recent Gallup poll showed 42% of Americans ages 18 to 29 head to social media for their financial information. The popularity of financial content on platforms like TikTok and Instagram is skyrocketing, with some #FinTok content boasting over 4 billion views. For tech-savvy Advisors looking to make the move to independence or build a [...]
The wealth management space has never been more complex, more disrupted, or more full of opportunity. Evolving client expectations, demographic shifts, and economic uncertainty are rapidly reshaping the industry. Baby boomers are moving into retirement in a historical surge, creating demand for safer income strategies, tax-efficient withdrawals, and estate planning guidance. At the same time, [...]
Feeling the prevailing winds of change? You’re not alone. Transitioning from a traditional wealth management environment to an independent RIA model can help you get ahead of the zeitgeist and lay the foundation for enduring growth. Amid shifting regulations, evolving technology, and the rising expectations of high-net-worth clients, firms and independent advisors increasingly turn to [...]
As leaders in the Advisor transition space, the senior consultants at TERRANA GROUP understand that the industry's future depends on its ability to attract, develop, and nurture the next generation through innovation and thoughtful succession planning. With a wave of retirements looming, shifting client expectations, and a rapidly evolving economic landscape, establishing a strong talent [...]
This week, TERRANA GROUP proudly celebrates 33 years at the forefront of the financial services and wealth management recruiting industry. Since 1992, we’ve earned our reputation as one of the top financial Advisor transition firms in the nation. We've helped thousands of wealth management professionals find their next, best chapter. Founded by Michael Terrana, a [...]
In today’s fiercely competitive wealth management landscape, your Advisor brand is more than a buzzword; it’s your most valuable asset. If you're contemplating the liberating leap to independence, whether launching an RIA, opening your own firm, or joining a hybrid model, your reputation is the cornerstone for attracting the right clients, building trust, and differentiating [...]
The decision to transition from a traditional wealth management environment to an independent RIA model represents one of the most significant career moves today’s Advisors can make. Significant paradigm shifts are underway, and client needs, goals, and expectations are rapidly evolving. It’s time to embrace the future of wealth management. For over three decades, TERRANA [...]
With the wealth management space in the midst of a (not so) subtle revolution, more Advisors than ever are ready to make a change to an independent RIA. This move can bring much greater independence, flexibility, and control over your practice — but due diligence is essential for a decision that could reshape your career [...]
