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6 Key Insights from Fidelity's 2024 RIA Benchmarking Study
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Treść dostarczona przez Ray Sclafani. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Ray Sclafani lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.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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