8 May 2013
Competing aggressively on price isn’t the key to success in the high net worth space, according to a new report from PriceMetrix.
18 April 2013
FolioDynamix, a provider of web-based wealth management technology, has entered into a multi-year agreement with PriceMetrix that will give its clients access to transaction and fee pricing information. Transactional pricing and fee information from advisors’ peers, powered by PriceMetrix’s CommissionCheck and FeeCheck products, will be fed into the FDx SingleSight wealth management platform . Using the platform, advisors will be able to access the information within the workflow of the order entry system, for transactional business, or at the time of proposal generation for fee-based business.
13 March 2013
Financial advisors in the North American retail wealth management raised average assets under management by 9 per cent in 2012, according to a new report by PriceMetrix.
15 November 2012
What can Michael Lewis’s “Moneyball” theory teach the retail wealth management industry? The theory – coined in Lewis’s book, Moneyball: The Art of Winning an Unfair Game, and later adapted into a movie starring Brad Pitt – centers on a small baseball team, Oakland A, competing with its much larger rivals. While it could never match the depth of its rivals’ wallets, the team found a way of identifying underpriced players through statistical analysis . This identified metrics that were good predictors of performance and yet weren’t valued in the selection procedure.
24 July 2012
Robert W Baird & Co has struck a multi-year agreement with PriceMetrix aimed at enhancing productivity at its wealth management division. The agreement allows Baird advisors to access PriceMetrix CommissionCheck, a subscription service that provides real-time pricing comparables for equity commission trades, enabling advisors to price trades at market levels . “PriceMetrix's data and insight into equity commission pricing will help our advisors confidently achieve pricing that reflects the value they deliver to their clients," said Matt Curley, chief operating officer for Baird Private Wealth Management.
6 March 2012
Advisors are focusing on larger, more productive households in the North American retail wealth management market, with the average number of households per advisor dropping 8 per cent in 2011, according to a new US study. Despite signs of a focus on quality business, overall growth in 2011 was weak in the retail wealth management industry, according to a report by PriceMetrix . Average advisor revenue grew 1 per cent to $537,000, but assets under management dropped from $79 million in 2010 to $74 million last year.
9 December 2011
Ever wondered what are the secrets of being a successful wealth management advisor? PriceMetrix has delivered the data to show how to win.
19 September 2011
Advisors who demonstrate consistency in their pricing strategies outperform their peers, new research from PriceMetrix shows. The report examines the pricing issue, which has come to the fore in wealth management, on the retail brokerage side . The industry has found its margins squeezed due to the downturn and has also come under fire for the inconsistency of its pricing.
29 March 2011
A typical North American financial advisor forgoes $20,000 in potential revenue every year because of discounts on fees, according to a study released yesterday by Toronto-based PriceMetrix. Assets in fee-based accounts grew by 24 per cent between 2007 and 2010, while transactional assets decreased by 1 per cent, according to the firm, which advises brokers on practice management . The analysis is based on the PriceMetrix aggregated North American database, representing 15,000 advisor books, 2.
25 February 2011
Assets under management and average production reached an all time high in 2010 for wealth managers in the US and Canada, according to a study by PriceMetrix. The average advisor had $71 . 5 million in assets under management in 2010, an 8 per cent increase compared to 2008 and 18 per cent versus 2009.
News and Features
Comment and Analysis
The UK's Financial Conduct Authority has fined JP Morgan International Bank a total of £3.08 million (around $4.6 million) for systems and controls failings at its wealth management business.
23 May 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013