Industry Coverage of PFI Advisors’ Recent COO White Paper
January 9, 2019
In late October, we released our latest white paper, “Exploring the Benefits of Professional Management for RIAs: A Deeper Look into Chief Operating Officers,” the sixth installment in our industry series. Our goal was to uncover the benefits of professional management (namely Chief Operating Officers) and lay out the responsibilities of a successful COO, as…
PFI Advisors’ 2018 Top Blog Posts
December 26, 2018
As 2018 comes to a close, we pause to reflect on the past year we’ve had here at PFI Advisors. We added a new employee to our team in June and our Director of Transition Amusement started kindergarten in August! We have continued to focus our work of achieving operational efficiencies at RIAs and helping…
Introducing The COO Roundtable Podcast
December 11, 2018
I am thrilled to announce the launch of The COO Roundtable, Powered by PFI Advisors; our latest endeavor in championing the role of operations professionals within the RIA industry. This podcast series will feature panel discussions with Chief Operating Officers at some of the country’s leading independent firms. We plan to highlight operational best practices…
Are You Serious, Wall Street? A Response to the #MeToo ‘Advice’ of Men
December 5, 2018
This open letter is a response to a Bloomberg Article InvestmentNews ran Tuesday about some male Wall Street executives whose concerns about #MeToo accusations have led them to limit the ways in which they work with female colleagues, for example by refusing to have dinner with a woman or sit next to a woman on a plane…
Should Breakaway Advisors Leverage a Wrap-Fee Program?
December 4, 2018
As breakaway advisors consider their move from a wirehouse to their own RIA, the question of whether to provide a wrap fee program will undoubtedly arise. Before we get into the weeds, what is a wrap-fee program and what are its implications? According to the SEC, a wrap fee generally involves an investment account in…
What this Millennial is Thankful for: My Introduction to the RIA Industry
November 28, 2018
If you Google the term “millennial,” the top stories don’t always show my generation in the best light. “Millennials are responsible for America’s shrinking homeownership.” “Millennials want more while doing less.” “Don’t believe the hype about Millennials.” You get the picture. Separately, if you research the average age of an advisor in the RIA space…
A Different Kind of #GivingTuesday Campaign
November 12, 2018
PFI Advisors will be participating in this year’s #GivingTuesday in a very meaningful way. Any RIA that donates $10,000 or more to the Children’s Hospital Los Angeles donation page of Layla Paige Sonnen will receive a free Operational Diagnostic*. This engagement includes a full analysis of an RIA’s back office technology suite; integrations between systems;…
PFI Advisors White Paper-Exploring the Benefits of Professional Management for RIAs: A Deeper Look into Chief Operating Officers
October 29, 2018
PFI Advisors (“Pure Financial Independence”) announced today the release of a new industry report (the sixth in its continuing educational series) on an often overlooked topic facing independent RIAs: how to leverage professional management – namely, a Chief Operating Officer – to manage the day-to-day business responsibilities. Our research details the importance of COOs to…
Five Questions to Ask About Your Technology Infrastructure
October 12, 2018
RIAs regularly review their clients’ financial goals and portfolios. They should also service themselves with the same care and consistency with an internal review of their technology infrastructure and back office. This analysis should cover the following core systems: custodian interface, performance reporting/portfolio accounting, CRM, financial planning, trading and rebalancing, and client portal. As part…
Calling All Misfits, Dreamers, and Rugged Individualists
October 4, 2018
PFI Advisors has not been around long enough for me to start giving entrepreneurial advice, but the entrepreneurial conversation does come up quite often in our day-to-day discussions with breakaway advisors thinking of starting their own RIA. As we have written in the past (see: Top 3 Questions Every Breakaway Advisor Asks), there are many…
