Capsule: Dale Brown, Financial Services Institute

Despite the market turmoil, which caused a decrease in assets under management in 2008, financial advisers and the independent broker-dealers who serve them will see business boom in 2009.
JAN 04, 2009
By  Bloomberg
DALE BROWN Executive director Financial Services Institute Atlanta, Ga. General outlook: "Uncertainty and volatility may continue into 2009. It will continue to create a challenge for everyone," said Mr. Brown, whose organization is an advocacy group for independent broker-dealers and financial advisers. Next big trend: Despite the market turmoil, which caused a decrease in assets under management in 2008, financial advisers and the independent broker-dealers who serve them will see business boom in 2009. Advisory firms will thrive from picking up new clients, especially an increasing number of baby boomers nearing retirement. Biggest concerns: The Obama administration and Congress may overextend their efforts to fix the problems that caused the current credit crunch, putting a huge financial burden on the advisory industry, which already has a substantial regulatory burden. The increased regulatory pressure also could hurt middle-class investors since the fees they have to pay could go up as a result of the new burdens placed on investment firms. Reading, watching, listening to: Book: "Patriotic Grace" by Peggy Noonan (HarperCollins Publishers, 2008). Primary news source: wsj.com.

Latest News

RIA M&A stays brisk in first quarter with record pace of dealmaking
RIA M&A stays brisk in first quarter with record pace of dealmaking

Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.

New York Dems push for return of tax on stock sales
New York Dems push for return of tax on stock sales

The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.

Human Interest and Income Lab streamline workflows for retirement-focused advisors
Human Interest and Income Lab streamline workflows for retirement-focused advisors

The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.

Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls
Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls

Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.

Carson, Lido strengthen RIA networks with bicoastal deals
Carson, Lido strengthen RIA networks with bicoastal deals

Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.