August has been a highly volatile period for the financial markets. Reignited trade tensions and recent yield-curve inversions have spooked investors, culminating in a 3% drop in the S&P 500 Index on Aug. 14, its worst day of the year. Ivy provides its perspective on these two market moving events.
The Fed announced a much-anticipated one-quarter-percentage-point cut to the federal funds rate. Following the decision, Fed Chairman Powell's press conference commentary was perceived as unexpectedly hawkish. While the market had a 'buy the rumor, sell the news’ reaction, but we believe underlying fundamentals should support continued growth during the rest of 2019.
Economic fundamentals were solid at the start of the year. Could trade disruptions put the economic expansion at risk in the second half of 2019?
Retirement plans have undergone significant changes this year, and more are pending. Discover how the changes will impact plans, employee participation and compliance implications.
Over the next few decades, client assets currently held by Traditionalists and Baby Boomers will be controlled by Generation Xers and Millennials, reshaping the traditional financial advisor model. Discover how you can plan for each generation.
Navigating generational differences can be tricky, whether you’re speaking to a younger client or chatting with a long-time client that might be your parents’ age. Knowing each generation can lead to a growing and stable practice.
We stand for a legacy of expertise, focused on delivering strong, long-term results. Our name reflects our progressive product offerings and growing global presence as we continue to adapt to the needs of investors.
A recent study found that firms with Millennial advisors on their teams saw assets increase by an average of 20% annually, compared with 11% for those who didn’t.1
The Next Gen Advisor program will help leaders understand generational personalities and help them become more effective at recruiting and retaining the next generation of financial advisors.
Our industry is in the midst of a labor shortage. While the demand is high to fill open roles, Millennials are showing little interest in pursuing a financial advisor career path. As a result, by 2026 there will be a shortfall of over 312,000 advisors.1 So how do you attract the young talent?
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1U.S. Bureau of Labor Statistics. (2018). Employment Projections Program. Retrieved from U.S. Bureau of Labor Statistics.
1U.S. Bureau of Labor Statistics. (2018). Employment Projections Program. Retrieved from U.S. Bureau of Labor Statistics.
2Makovsky. (2016). 2016 Wall Street Reputation Survey. Retrieved from Makovsky Inc.
3Kantar Futures. (2017). Redefining the C-suite: Business the Millennial Way. Retrieved from American Express Services Europe Limited.
4Gallup. (2016.) How Millennials Want to Work and Live.
5Hanson, J. (2014, Feb 3). One-third of advisers plan to exit business within a decade. Retrieved from InvestmentNews.
6Achieve. (2014, Nov). Inspiring the Next Generation Workforce: the 2014 Millennial Impact Report. Retrieved from The Millennial Impact.
7Hillhouse, A. (2012, Oct. 4) Consumer Insights: MTV’s ‘No Collar Workers’.
8Execu-Search. (2017). 2017 Hiring Outlook: Strategies for Engaging with Today’s Talent and Improving the Candidate Experience. Retrieved from Execu-Search Group.
9Deloitte. (2018). 2018 Deloitte Millennial Survey: Millennials Disappointed in Business, Unprepared for Industry 4.0. Retrieved from Deloitte Touche Tohmatsu Limited.
