Integratable ≠ Integrated
August 21, 2019
In our work with new and established RIAs looking to build and/or improve their technology stack, we encounter many frustrated advisors who lament, “We were told that the benefit of being an RIA was that all of our technology systems would be integratable with one another – while that may be the case for other…
What RIAs should learn from Uber and Lyft
August 15, 2019
Most RIA owners are obsessed with growing top-line revenue at all costs, with little thought to the bottom-line profitability of each additional dollar of AUM A recent New York Times article called Uber and Lyft two of “the largest and most anticipated … companies to have gone public this year,” but in the same breath…
We’re Hiring!
August 5, 2019
PFI Advisors is excited to announce we are adding two new members to our family! Click the links below to learn more about our Associate and Administrative Assistant openings. About the Associate position: We are looking for a motivated individual to work closely with the entire team, and report directly to the CEO. Responsibilities will…
The COO Roundtable, Episode 8 Featuring David Canter & Scott Slater
August 2, 2019
In the eighth episode of The COO Roundtable, Matt sat down with David Canter and Scott Slater of Fidelity Clearing & Custody Solutions. David is the Executive Vice President and Head of the RIA Segment at Fidelity. A lawyer by trade, David has been in the industry for 25 years and has been involved in…
Where to Start When Developing Workflows
July 23, 2019
In our work with large RIAs looking to increase their scale and efficiency, we often begin with a review of their various systems, people, and processes. We walk through a comprehensive list of their executives, advisors, and employees to better understand the broader team’s roles and responsibilities. We then begin to dive deeper to gather…
The American Dream, Through the Life of Geremia Papa
July 18, 2019
This is my grandfather, Geremia (“Jerry”) Papa. He arrived in the United States in 1920, at the age of 18, from his homeland of Italy. My mother assures me that “Papa” is his real last name, but I’ve always fantasized that it was bestowed upon him when he was recorded coming through the turnstiles at…
Don’t Charge for Reporting On Outside Assets
July 16, 2019
Advisors looking to grow their business must constantly grapple with client acquisition costs. As advisors struggle to differentiate themselves and the services they offer, many have concluded that providing a higher touch to existing clients and working to gain a larger percentage of their investable assets is a more profitable way to grow, rather than…
The COO Roundtable, Episode 7 Featuring Heather Goodman & Mark DeLotto
July 11, 2019
In the seventh episode of The COO Roundtable, Matt sat down with Heather Goodman of True Capital Management and Mark DeLotto of Massey Quick Simon. Heather is the COO, President, and Co-Founder of True Capital and helps the firm manage $1.1 billion in client assets across two offices in San Francisco and Los Angeles with…
Two Key Ingredients to a Proper M&A Strategy
June 27, 2019
Not a day goes by that the RIA press isn’t reporting on another merger or acquisition. At industry conferences, the panels discussing M&A are the most highly attended. With more and more outside capital circling, everyone wants in on the RIA M&A game. Given this is an industry-wide trend, why do we only see press…
Fixed Income Solutions for Breakaway Advisors Entering the RIA Space
June 25, 2019
Wirehouse advisors are often sold the idea that the independent channel cannot support sophisticated investment solutions. Therefore, a major concern for every breakaway advisor as they make the move to Independence is how they will recreate the products and services they have always had available to them in a wirehouse environment. What they do not…
