Industry Update: What the Wealth Management Landscape Looks Like Today

The ever-expanding landscape represents a waterfall of possibilities for every advisor—learn the differences between each model.

The wealth management industry has been on an evolutionary streak, where new models seem to be born almost daily. In fact, the top questions we are asked by advisors are all about the landscape—what it looks like, what’s changed and how each of the models compare.

Up until 2 years ago, we put together an annual whitepaper called “The Landscape of the Industry.” It represented an enormous effort on our part, increasing in size and depth year after year.

And yet things changed so fast that within a day of publishing, it was already considered outdated.

Taking lessons learned in building the whitepaper, we found that the best way to describe it is as a “continuum of options” with categories of firms and models where a financial advisor could choose to practice.

So in this episode, we’ve decided to take a different approach to exploring this continuum, comparing and contrasting each model in terms of these key characteristics:

Freedom and Flexibility
Restrictions
Net-Payout

As an added bonus for listeners, we’ve developed an infographic – The Industry Landscape At-a-Glance – that outlines the continuum described in this episode. You can download it here.

The ever-expanding landscape represents a waterfall of possibilities for every advisor. And having a clear understanding of the environment you’re building your business in is critical—regardless of whether you have a desire to move or not. So listen in to broaden the knowledge that drives your decision-making process.

Podcast: Play in new window | Download (Duration: 23:26 — 27.5MB)

Parts 2 and 3 Are Now Live

A Deep Dive into the Wirehouses and Regional Firms

Why Rockefeller, First Republic and Other Boutique Firms Are Attracting So Many Top Advisors

Related Resources

At a Glance: The 2020 Landscape of the Wealth Management Industry
The infographic described in this episode that outlines the landscape continuum. Download->

10 Predictions for Financial Advisors in the Post-Crisis World
In an industry where widespread change was already underway, there’s a new wave of evolution ahead—and much of it will be for the better. Read->

Why Billion-Dollar Teams Move: 7 Drivers That Impact Financial Advisors At All Levels
When mega-teams move, the entire wealth management industry takes notice—and for smart financial advisors who are paying attention, there’s much to be learned. Read->

What’s Changing at the Wirehouses—and Why You Need to Pay Attention
As firms cut back on recruiting and amp up their retention efforts, the balance of power shifts further and further away from the advisors—diminishing leverage, business value and opportunity, and leading down a path that advisors fear most. Read->