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6 Key Insights from Fidelity's 2024 RIA Benchmarking Study
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Вміст надано Ray Sclafani. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Ray Sclafani або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
In this episode, Ray Sclafani discusses key insights from Fidelity's 2024 RIA Benchmarking Study, highlighting challenges and opportunities for financial advisors. The episode covers declining margins and productivity, shifting client demographics, the prevalence of fee discounting, and the importance of both organic and acquisitive growth strategies. Additionally, the episode emphasizes the evolving product offerings and the critical role of technology adoption in enhancing operational efficiency. Ray Sclafani concludes with strategic initiatives that firms should prioritize for future success.
6 Key Insights
- Both margins and productivity are declining
- Client demographics and wealth tiers are shifting
- Fee discounting remains prevalent and potentially problematic
- Both organic and acquisitive growth strategies are driving success
- Product and service offerings are evolving
- Technology adoption is driving enhanced efficiency
Key Takeaways
- Both margins and productivity appear to be declining.
- Client demographics are shifting towards younger clients.
- Larger firms are leveraging M&A to fuel growth.
- Technology adoption is driving enhanced efficiency for advisory firms.
- Improving marketing efforts is a top priority for firms.
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