Are You Creating Capacity for Growth?
According to the recent study by Investment News, advisory firms are continuing to grow at a pretty healthy clip although sources of revenue have shifted (here is a link to the Executive Summary -Investment News Study of Pricing and Profitability - Executive Summary. This study was formally
entitled “Financial Performance”.)
The study also showed that Advisors created a great deal of capacity last year adding staff at all levels. When asked about the growth tactics they have employed over the last two years to create capacity, 45% of responding advisors stated they had hired new staff.