Throughout our past blogs, there is a consistent and recurring theme when we talk about succession planning—time—which is where our own succession story begins. Pinnacle Advisory Group’s three founding partners began planning for the firm’s succession and their own exit about ten years ago. The initial driver for starting the process of succession planning was…
We are pleased to announce the acquisition of Pinnacle Advisor Solutions by Congress Wealth Management, LLC, an independent RIA headquartered in Boston, Massachusetts with seven offices across the country. Pinnacle Advisor Solutions (PAS) was founded to support the independent advisor, by providing business solutions and resources to help achieve their goals. Our mission remains the…
2020 has been an unprecedented year. Our generation is facing its first pandemic and we are learning and adapting to life that involves PPE, N-95 masks, social distancing, distance learning, working from home and so much more. And as though that were not enough, as I write this, there is news of an earthquake in…
The typical full market cycle – defined as a bull cycle plus a bear cycle – will last between 4 and 6 years. The one we find ourselves in today is the longest-running bull market in history. It is already 9 years old, and the bear market cycle is still somewhere in front of us. …
Rumors regarding the death of the independent RIA are premature, at best. The independent RIA model remains a popular business model for serving the financial needs of high net worth individuals and families. We have evidence of that – Pinnacle Advisory Group has been an independent RIA for more than 25 years and is now…
We already know that there are not enough hours in the day to get everything done. We hear it all the time. Time management studies1 show advisors are time constrained and our conversations with advisors confirm exactly that. There is too much to do and not enough time to do it all. It seems that…
The conversations we have been having with advisors this year have distinctly changed. During the bull market our conversations were focused on either building a practice or planning for retirement. Now the conversations have shifted towards risk management and preparing clients for the next market downturn. There is growing angst that clients expect advisors to…
In a recent blog, Michael Kitces, Pinnacle’s Director of Wealth Management cites a Cerulli Associates report stating that the number of financial advisors who are outsourcing investment management is on the rise. He goes on to argue those numbers will continue to grow as advisors focus more on financial planning as part of their value…
Propelled by the authority of Nobel Laureates, their simplicity of execution and the excess returns they produced during the secular bull market of the 1980 and 1990s, passive investment strategies became a cornerstone of the wealth management business. Since the turn of millennium however, they have suffered two important blows: robo-advisors and market volatility. Together…
Many financial planners pride themselves on the close relationships they maintain with clients and the unique financial plan they provide each one based on their very individual circumstances. We certainly do at Pinnacle. When it comes to investment management, however, many advisors offer only one investment strategy. They may offer multiple risk models to reflect…