Category: RIA Best Practices

34 posts categorized as "RIA Best Practices"


Breakaways Should Treat Their Reporting Provider Like a Relationship: Don’t Rush Things!

May 29, 2019

As part of our work with breakaway advisory teams, we help coordinate the various RIA systems needed for advisors moving to Independence.  We work with the selected technology providers to design an integrated workflow of all systems that cater to the team’s particular clients and services provided.  Once their custodian has been selected, the first…

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Top 5 Lessons Learned from Episodes 1-5 of The COO Roundtable

May 7, 2019

We’d like thank everyone who has listened, subscribed, and given feedback on The COO Roundtable thus far.  We’ve really enjoyed conducting these interviews and hearing all your reactions.  Our interviews to date have included ten operations professionals at nine multibillion-dollar RIAs across the country accounting for over $30 billion in client assets under management.  With…

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Book Review: The Financial Advisor M&A Guidebook

April 24, 2019

PFI Advisors has written a lot around the operational side of M&A, and how important it is for firms to think through not only deal structure and valuation, but the planning process around integrating the two firms into one cohesive company once the deal closes.  As Chris Voss, former FBI hostage negotiator states in his…

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Why is an Ops & Tech Consultant Writing About Client Segmentation?

April 16, 2019

Anders Jones of Facet Wealth recently wrote that as RIAs approach the elusive $1 billion AUM milestone, they need to be increasingly cognizant of their profit margins and resources needed to service their clients.  The goal of any RIA is to provide high-touch service to an ever-expanding client base.  RIA owners will achieve this goal…

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The 3 Most Common Technology Headaches RIAs Face

April 8, 2019

Technology reporter Ryan Neal’s recent article offered a refreshing (and interesting) perspective of problems RIAs often face with their technology suite of systems.  He provided an entertaining spin on this common challenge for firms, likening popular Netflix star Marie Kondo’s philosophy of cleaning house to revising an RIA’s technology infrastructure.  As operations and technology consultants,…

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Why Professional Management Fails for RIAs

March 17, 2019

We have written much about the benefits of professional management for RIAs.  By bringing in professional management, the owners/advisors of the firm are availed of the day-to-day burdens of running the business, which allows them to focus 100% of their efforts on what they do best: spending time with clients and prospects (or other advisors,…

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PFI Advisors & DeSola Group Present: The 5 Building Blocks to Branding Yourself a Successful Buyer

February 28, 2019

As we announce our latest co-written white paper, we thought we would first share some background research and history put into this particular M&A thought leadership piece.  While this is the first time we have formally partnered with another industry leader in writing a joint paper, Mergers & Acquisitions is hardly a new topic of…

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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…

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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…

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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…

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