Andrew Blake: Broker/Dealer Consolidation and Fee Compression Have Been Much Bigger Headwinds for Advisors Than Market Volatility

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 11 June 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Cerulli industry watcher reflects on the rapid growth of the independent RIA channel, an impending wave of advisor retirements, and the dramatic uptake of ETFs in client portfolios.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:33.3	Hi, and welcome to The Longview.
0:35.7	I'm Amy Arna, portfoliofolio strategist for Morningstar.
0:39.3	And I'm Christine Ben's, Director of Personal Finance and Retirement Planning at Morningstar.
0:43.8	Our guest on the podcast today is Andrew Blake.
0:46.8	Andrew is Associate Director of Wealth Management for Surruli Associates.
0:51.9	He's a member of Suruli's wealth management practice, leading coverage of
0:56.1	asset manager distribution strategy for products sold through financial advisors. With a focus on
1:02.8	the wealth management landscape, Andrew assesses trends related to advisory use of investment products,
1:08.6	as well as their relationships with clients and varying
1:11.6	practice types. Prior to joining Sir Rooley, Andrew worked at John Hancock Investment Management
1:17.4	and a Boston area, RIA. He has a BBA in marketing as well as management and strategic
1:24.3	leadership from Ohio University. Andrew, welcome to the Longview.
1:29.2	Thanks for having me.
1:30.3	I appreciate it.
1:30.8	Really excited to dive into some of the topics we have weighed out for us today.
1:35.0	Well, thanks so much for taking the time to talk with us.
	...

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