Increased compliance requirements, regulatory changes, and an aging client base are just some of the obstacles RIAs will face this year, but advisors still see a bright future for their assets under management.
The United States is far from the best country worldwide when it comes to retirement savings, according to an index based on data from sources including the World Bank and the United Nations.
Women are closing the gap in saving rates for retirement compared to their male counterparts, according to fourth quarter 2012 data for defined contribution plans administered by MassMutual.
CIC Wealth Management, a Maryland-based RIA, plans to grow by targeting single and divorced women as clients.This demographic currently represent about 35% of the $300 million firm's client base, but could its plans to increase that percentage significantly be thwarted by the fact it only has one female advisor?