Breakaway Implications: The Impact Your Firm Partner Can Have On Efficiency
You may think that going independent means you’ll have less time for client interactions—after all, you’ll have an office to run. Well, that’s not true for breakaway advisors who partner with the right firm. A recent study from Cerulli Associates breaks down how much time breakaway advisors save by choosing a collaborative firm partner.
Building Your Best Practice on Your Terms
How do advisors leave the employer-based channel stress free? John Pratti did it by finding a collaborative partner who was right for him. Learn how his move to independence and client focus led to revenue growth and a better work-life balance. You’ll take a deep dive into what drove John’s need for change, how Commonwealth supported his goals, and how he more than doubled his fee-based AUM since joining!
Market Thoughts for February 2022
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for January. Markets pulled back to start the year, with U.S. indices dropping between 3 and 10 percent. On the medical front, the Omicron wave continued. As case growth rose to new highs, consumer and business confidence took a hit. Finally, January reports showed inflation at a 40-year high, and the Fed announced a rate hike in March was very likely. Despite this perfect storm of bad news, are there positive signs on the horizon? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Market and Economic Outlook: Regaining Balance in 2022
What’s in store for the markets and economy? According to Commonwealth CIO Brad McMillan and his A-team of analysts, the recovery is no longer dancing to the tune of the pandemic. While the emerging Omicron variant and factors like the Fed’s tightening of monetary policy make for uncertainty, the team outlines the upside possibilities for regaining balance and redefining normal in the year ahead.
Market Thoughts for January 2022
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for December. The year closed on a strong note, with the Dow and S&P showing gains. The Nasdaq struggled a bit, but it ended the month in the green. On the medical front, the omicron variant drove COVID cases to new highs. Still, the economic data kept getting better. Consumer confidence numbers bounced back, and consumer spending kept growing. Further, business confidence and investment remain very high. But could there be risks ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
2022 Market and Economic Outlook: Finding the Upside
As we closed out 2021, the world looked both different from a year ago and very much the same. Another wave of the virus was underway, with a new variant that may be even worse than the one before.
The Advisor's Guide to Advanced Financial Planning Strategies for High-Net-Worth Clients
High-net-worth clients can play an integral role in the profitability of your advisory practice. Are you prepared to meet their multifaceted financial planning needs? Follow this guide for a walkthrough of advanced wealth management strategies, including estate planning, special needs care planning, asset protection, and charitable giving.
Market Thoughts for December 2021
Commonwealth CIO Brad McMillan recaps November’s market and economic news. It was a generally weak month for the markets, with declines driven by the emergence of the Omicron variant and a move by the Fed to start normalizing monetary policy. Should we expect more volatility ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer
Inflation and Investing
Inflation and what it means for investing is one of the biggest issues I have been hearing about recently. The topic can generate quite a bit of anxiety. But before we start to worry, let’s take some time to understand what actually happens when inflation hits the economy. Then we can panic—or not.
The Road to RIA—Only: One Firm's Journey
What really happens when you go fee-only and run your own RIA? The Road to RIA-Only: One Firm’s Journey follows the story of two advisors who are doing both. In it, they speak candidly about the highs and lows of the experience and offer advice for others considering a similar path.
Market Thoughts for November 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for October. The markets saw a bounce last month. The Nasdaq and the S&P gained over 7 percent, and the Dow was up almost 6 percent. These results were driven by the stabilization of key economic data. Job growth declined in September, but a higher October result is expected as labor demand remains strong. Plus, consumer confidence has stabilized. With improving medical data and economic risks trending down, are we almost out of the woods? Stay tuned for more. Follow Brad at blog.commonwealth.com/independent-market-observer.
Markets and Economy Retain Momentum—But Risks Remain
It’s been a while, but it’s time for another COVID update. Compared with a month ago, the medical situation continues to improve, which is good news, although there are reasons to be concerned over the next month or two.
Market Thoughts for October 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for September. It was a bad month for the markets. In the U.S., all three major indices were down. Developed markets dropped, and emerging markets did worst of all. These declines resulted from the weakening of the economic data, driven by the spread of the Delta wave of the virus. Job growth was down, layoffs trended up, and consumer confidence dropped. Does the economy have the momentum to keep going until the virus is under control? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
A Quick Guide to Charitable Giving Options
Clients looking to give to charity often already know where they want their money to go based on a personal connection or passion for a particular cause. Where they’ll need your help is deciding how to make those donations.
A Quick Guide to Charitable Giving Options reviews a variety of giving methods—offering potential benefits and other considerations for each—and includes a glossary of related terms. With it, you’ll be better equipped to help your clients find the right giving method based on their philanthropic goals.
Will Evergrande Take Down China and the World Markets?
For those who haven’t heard, global markets slumped yesterday as a Chinese real estate developer, Evergrande, was reported to be approaching bankruptcy. For many, this news brings to mind the great financial crisis of 2008.
Monthly Market Risk Update: September 2021
U.S. equity markets continued to rally in August, with all three major indices setting new record highs during the month. We did see some midmonth volatility, but the Dow Jones Industrial Average gained 1.50 percent, while the S&P 500 experienced a 3.04 percent gain.
Market Thoughts for September 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for August. It was another very good month for the financial markets. In the U.S., both the Nasdaq and the S&P 500 showed material gains, while developed markets also did well. On the medical front, the virus continued its spread. There are signs that the rising medical risks are starting to appear in the data, with consumer confidence dropping significantly in August. So, will we see a slowdown in the recovery as we move into the fall? Stay tuned for more. Follow Brad at blog.commonwealth.com/independent-market-observer.
Client Retention Checklist for Breakaway Advisors
You’ve put time and effort into cultivating great relationships with your clients. As you prepare to leave the wirehouse for independence, learn how to mitigate risk, announce your departure, and create a seamless transition process for your assets.
Market Thoughts for August 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for July. It was a generally good month for the markets, with all three major U.S. indices up by more than 1 percent. But emerging markets were hit hard and ended the month down significantly. On the economic front, the data remains positive, although business and consumer confidence declined. Further, medical risks are on the rise, with the Delta variant hitting the unvaccinated population. Will these risks slow down the recovery? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
So, You Want to Break Away from Your Wirehouse—Now What?
Breaking away from your wirehouse is a life-changing decision. If you know it’s the best move for you and your clients, you’ve taken the first big step. We can help you with what comes next. Download our guide to learn about picking an affiliation model, choosing the right firm to partner with, and starting a new business.
Midyear Outlook 2021: The Long and Winding Road Back to Normal
What’s the story for the rest of the year? In his Midyear Outlook 2021, Commonwealth CIO Brad McMillan says it will depend on whether the economy can find its way through a maze of problems—including rising inflation, labor shortages, and supply-chain gaps. Despite these risks, we’ve made real progress, and a return to normal could soon be in sight.
Market Thoughts for July 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for June. It was a mixed month for the markets. In the U.S., the Nasdaq and the S&P 500 were up, but the Dow ticked down. We saw the same trend internationally, with developed markets falling even as emerging markets moved ahead. On the economic front, business confidence remains at or close to all-time highs. Still, the problems of success (labor shortages and supply chain issues) loom large. So, where do we go from here? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Market Thoughts for June 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for May. It was a mixed bag for the markets, with the Dow up more than 2 percent, the S&P 500 up slightly, and the Nasdaq down. On the medical front, case growth and death rates declined, and more than 4 of 10 people are now fully vaccinated. With fading medical risks, the economy continued to improve. Layoffs are trending down, and consumer confidence remains close to pre-pandemic levels. So, could we be back to normal by the summer? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Building a Brand Identity: A Checklist for Breakaway Advisors
Leaving your wirehouse for the independent channel means you have an exciting opportunity to redefine yourself, what you do, and who you serve. Let our checklist help you create a strong brand identity that resonates with your ideal clients and sets you apart from the competition.
Market Thoughts for May 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for April. It was a good month for the markets. The S&P 500 and Nasdaq gained more than 5 percent, while the Dow was up almost 3 percent. These returns were driven, in part, by the medical news, with new case counts, hospitalizations, and deaths all down. While the medical risks declined, reopening accelerated. Job growth rose, and weekly layoffs dropped. Consumer confidence and spending also improved. Will these positive trends persist? Stay tuned for more. Follow Brad at blog.commonwealth.com/independent-market-observer.
Breaking Away to Break Through
Thinking about leaving the wirehouse? Starting your own firm isn't for everyone, but it can be a rewarding journey for you and your clients. Read this case study to learn about two former wirehouse advisors who made the leap to independence, the challenges they faced, and the success they found.
Market Thoughts for April 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for March. We saw a strong end to a healthy first quarter for stock markets. Both the Dow and S&P 500 here in the U.S. showed gains, while developed markets abroad showed lower but still positive returns. We also had good news on the economic front. Hiring rebounded, layoffs dropped, and consumer confidence rose to post-pandemic highs. But with more work to do to contain the medical risks, when will the economy return to full health? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Market Thoughts for March 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for February. Markets climbed last month, although they faced some turbulence on a spike in interest rates. While markets were choppy, the medical news improved. New cases and hospitalizations dropped, and vaccinations more than doubled. On the economic front, unemployment remains high, but companies are hiring again. Plus, stimulus payments hit bank accounts, and consumer confidence is moving up. Could a return to normal be in sight? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Strategies for Targeting Organic Growth
One of your best chances for growth comes from client interactions and networking activities. That’s where additional assets, opportunities, and referrals come from. Simply put, the more time you spend with clients and professionals already in your circle, the greater your productivity potential.
Market Thoughts for Feb 2021
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for January. Most developed markets were down slightly, including the Dow and S&P 500 in the U.S., as well as developed markets abroad. Despite the weak January numbers, markets remain near all-time highs. On the economic front, layoffs were high and retail spending dropped. But with federal stimulus payments, consumer confidence has begun to recover, boosting higher-frequency spending data. So, will the recovery remain resilient? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
5 Steps to an Effective Marketing Plan
Examining your marketing strategies and committing them to paper can transform your ideas into a powerful platform for success. 5 Steps to an Effective Marketing Plan will help you create an organized, thoughtful written plan to raise your competitive profile and enhance your ability to attract and retain valuable clients.