Articles written by Eliza De Pardo
Headline
Publish date
RIAs must hold fire on chopping expenses in this 2021-2023 downturn, though one expense is fair game -- and it should be high on the list to trim
The best firms make their biggest gains courtesy of recessions -- not least 2008-2011 -- but the contrarian investments must be born on the backs of RIA principals, not staff
April 4, 2023 at 5:22 PM
RIAs need to race to zap COLAs, install incentives ahead of December performance reviews or face ramifications magnified by spiraling inflation and low morale
Paying staff too little, or too much, is always a risk, but 8% inflation and 20% dip in asset-based revenues from markets magnifies the downside potential of a cost-of-living default alienating talent or killing profits
