Week’s Best Quotes: ‘Learn How Decisions Are Made’
From regulators' crossed signals to perceptions of subpar service, what follows are the most notable quotes from the past week's stories. Disagree with any of them? Let us know in the comments field at the bottom of each slide. -- Paula Vasan
-- Kenneth Bentsen Jr., president and CEO of SIFMA, on Title VII of Dodd-Frank and the risks associated with the implementation of the Volcker rule.
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-- Neal Simon, Highline Wealth Management CEO, on Highline's focus on regional growth.
Read the story: Highline Adds 2 New Advisor 'Tuck-ins'
-- David Min, assistant professor of law at the University of California-Davis, on a CFP Board representative's refusal to answer dozens of questions during the first deposition of a lawsuit filed by two Florida planners against the board.
-- Bob Oros, executive vice president of Fidelity Wealth Services, on a study showing that only 51% of "emerging millionaires" -- people with an average of $800,000 in assets -- use financial advisors.
Read the story: Advisor Opportunity? Emerging Millionaires, Study Shows
-- Donnie Ethier, associate director at Cerulli Associates, on a Cerulli study that showed high-net-worth clients average 4.4 advisors.
Read the story: Wealthiest Clients Have 4 Advisors, Study Finds
-- Brent Smith, manager of the investment services program at Susquehanna Bank, on why banks that are having trouble attracting advisors should bring in junior brokers.
Read the story: Junior Brokers Boost Bank Investment Programs
-- Cindy Erickson Zarker, director at Cerulli Associates, on financial services firms' 2014 focus on products, distribution and technology.
Read the story: Firms Bet on Products, Distribution & Tech for 2014
-- Thomas Dornoff, cofounder of Granite Financial, who says his breakaway firm can finally focus on growth after six years of poor service from different wirehouses.
Read the story: Frustrated With Wirehouses, Firm Joins LPL
-- Justin Reckers, CEO of Pacific Divorce Management, on advisors who have gained millions of dollars in new assets by focusing on divorce financial planning.
Read the story: 5 Things Divorce Planners Need to Know
-- Consultant Tom Brakke on why too many investment committees fall into common traps like chasing performance and groupthink.
Read the story: 12 Steps to Fix Your Firm's Investment Committee