Financial Advisors

August 7, 2025Business growth is often top-of-mind for financial advisors. Many financial advisory firms follow an “economies of scale” model – that is, larger advisory firms generally tend to be more cost-efficient as they attract and service larger clients. This was shown recently by InvestmentNews’ 2020 Pricing and Profitability study, which found that firm revenue, average assets managed per client and average… read more…

August 9, 2025Financial advisor firms are on the move. That’s in part because the COVID-19 pandemic has presented an opportunity for firms to pull up stakes and relocate their headquarters to new areas that better suit their needs. Some firms had already planned to do so in 2020 prior to the pandemic, but changing preferences as a… read more…

August 16, 2021According to the Bureau of Labor Statistics (BLS), almost one in 10 personal financial advisors are based in the New York-Newark-Jersey City metro area. While the Big Apple may be a hot spot for financial advisors looking to start their career, there are many other places where financial advisors are in high demand and have… read more…

June 17, 2021The average 401(k) balance in the U.S. hit $123,900 in the first quarter of 2021, according to a recent report by Fidelity Investments. This marks more than a 70% increase from the average 401(k) balance a decade before ($72,800). But while balances are increasing among individuals with 401(k)s, a significant number of workers in the… read more…

July 27, 2023Estimates on the return on investment from having a financial advisor vary. In a 2019 whitepaper, Vanguard assessed an “Advisor’s Alpha,” or the value that a financial advisor adds to a client’s portfolio, to be about a 3% net return per year, depending on a client’s circumstances and investments. Separately, Morningstar researchers calculated how much… read more…