June 11, 2024
Andrew Blake: Broker/Dealer Consolidation and Fee Compression Have Been Much Bigger Headwinds for Advisors Than Market Volatility
The Long ViewAbout this episode
Our guest on the podcast today is Andrew Blake. Andrew is associate director of wealth management for Cerulli Associates. He is a member of Cerulli’s Wealth Management practice, leading coverage of asset manager distribution strategy for products sold through financial advisors. With a focus on the wealth management landscape, Andrew assesses trends related to advisor use of investment products as well as their relationships with clients and varying practice types. Prior to joining Cerulli, Andrew worked at John Hancock Investment Management and a Boston-area RIA. He has a BBA in marketing as well as management and strategic leadership from Ohio University. Background Bio The Cerulli Report: US Intermediary Distribution 2023 The Cerulli Report: US Advisor Metrics 2023 Research US Broker/Dealer Marketplace 2023 US RIA Marketplace 2023 US High-Net-Worth and Ultra-High-Net-Worth Markets 2023 US Retirement Markets 2023 State of US Wealth Management Technology 2024 Advisors The Cerulli Edge: US Advisor “ More Advisors Are Making the Move to RIA, Independent Models ,” by Josh Welsh, investmentnews.com , Oct. 31, 2023. “ The Role of the Retail-Direct Channel in a Growing Financial Planning Profession ,” cfp.net , March 28, 2023. “ Financial Adviser Shortage Looms, Cerulli Reports ,” by Natalie Lin, planadviser.com , Jan. 16, 2024. “ Asset Managers Embrace a Technology Arms Race ,” cerulli.com , Oct. 27, 2022. “ As Retirement Exodus Looms, Rookie Advisor Failure Rate at 72%, Study Finds ,” by Ayo Mseka, insurancenewsnet.com , Feb. 12, 2024. Other Creative Planning “ Peter Mallouk: The Financial Advice Industry Is ‘Still Very Messy,’” The Long View podcast, Morningstar.com , March 26, 2024. Vanguard Personal Advisor Select Schwab Intelligent Portfolios iCapital Case IQ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.