Brooke’s Note: There are a variety of new competitive threats looming for RIAs to consider. What is unclear is just how new the new threats are. The old threats have mostly died away. Scale, for all the reverence we give it, never seems to be a telling factor in the advice business. We’re told that this time it will be. In that spirit, we looked at the history of RIA competition and then put the new threats to the test with industry experts and let rip for a webinar. We decided to make the transcript available to skimmers, and people who want to meticulously examine each word, alike.
On hand at “RIABiz’s second LPL-sponsored webinar, “How RIAs can compete super-RIA, robo-RIA and faux-RIA market of 2015 and beyond,” on Sept 17:
Brian Hamburger: President and chief executive of Englewood, N.J.-based MarketCounsel founder and managing member at the Hamburger Law Firm, practicing in investment and securities law as well as corporate and employment matters.
David Armstrong: Managing director and co-founder of Monument Wealth Management of Alexandria, Va.