Andrew Blake

Associate Director, Wealth Management at Cerulli Associates. Financial advisor practice insights and asset manager distribution trends.

[Andrew Blake @AndrewAtCerulli]

Informative article from @TheDailyUpside - Advisors are being asked to provide more services than ever before, yet they continue to face pressure to either maintain or reduce their fees. #WealthManagement

[Andrew Blake @AndrewAtCerulli]

Beautiful day to commute into Boston via ferry🛳️

[Andrew Blake @AndrewAtCerulli]

Check out my appearance on The Long View, a Morningstar podcast!

[Morningstar, Inc. @MorningstarInc]

On this episode of The Long View, an 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. https://t.co/RbhmOzvQOw

[Andrew Blake @AndrewAtCerulli]

Launch day for our 2023 U.S. Intermediary Distribution report! Thank you to everyone that participated in our financial advisor and asset manager distribution surveys to help shape these insights. #wealthmanagement #assetmanagement

[Andrew Blake @AndrewAtCerulli]

Variable annuities have lost shelf space with financial advisors. Below are the top reasons advisors say why this shift has occurred.

Source: Cerulli Associates

#WealthManagement #financialservices #variableannuities

[Max Schatzow @AdviserCounsel]

What RIA/BD is the most litigious when it comes to departing financial advisors?

[Andrew Blake @AndrewAtCerulli]

Tough loss for my @cavs tonight at @tdgarden against a @celtics team gunning for the 1 seed back.

[Andrew Blake @AndrewAtCerulli]

Financial Advisor-Reported Allocation to Active and Passive Products

Takeaway: The RIA channels notably outpace the field in passive product adoption.

#WealthManagement #financialadvisors #riachannels #financialservices
Source: Cerulli Associates

[Andrew Blake @AndrewAtCerulli]

Product performance, a consistent style of investing, and firm reputation are the top three most important factors that financial advisors consider when selecting an asset manager. #cerulliassociates #assetmanagementdistribution #WealthManagement

[Andrew Blake @AndrewAtCerulli]

With investment product fees receiving additional scrutiny each year, it’s no surprise that nearly three-fourths (74%) of financial advisors who don’t recommend variable annuities cite excessive all in-fees as a top reason.

#assetmanagement #financialservices

[Andrew Blake @AndrewAtCerulli]

@cjking711 @eaglebrook @FTI_US Amazing stuff! Congrats

[Andrew Blake @AndrewAtCerulli]

Although there is an enormous cost typically associated with acquiring data packs, over half of asset manager distribution executives find the information received to be very valuable. #intermediarydistribution #financialservices #assetmanagement #datapacks

[Andrew Blake @AndrewAtCerulli]

Great info here from Matt’s new white paper on cryptocurrency. Can’t wait to see how these numbers change in the coming year.

[Matt Apkarian, CFA @MattAyPeeKay]

31% of financial advisors expect they will be recommending cryptocurrency as a piece of client portfolios at some point in the future.

https://t.co/oa2S0asMMY

[Andrew Blake @AndrewAtCerulli]

Nearly two-thirds (64%) of practice management professionals find that the most prevalent productivity challenge for advisors is serving non-ideal clients.

On average, practices serve 142 clients per producing or revenue-generating advisor.

[Andrew Blake @AndrewAtCerulli]

It was a beautiful Saturday afternoon in Boston #bostoncommon

[Andrew Blake @AndrewAtCerulli]

As financial advisors continue to seek more autonomy, higher pay and better work-life balance,  independent channels — especially hybrid registered investment advisors — are poised to continue growing their assets and advisor headcount at the expense of traditional wirehouses.

[Andrew Blake @AndrewAtCerulli]

@ThinkAdvisor Absolutely. For many advisors, compliance and platform hurdles are the only thing holding them back.

[Andrew Blake @AndrewAtCerulli]

@ThinkAdvisor Some great insights here!

[Andrew Blake @AndrewAtCerulli]

@AlexandriaESG @RIACanada Clients bringing it up at an equal rate shows an opportunity is being missed. In light of that, not surprised to see the numbers on advisors overestimating their own knowledge be where they are.

[Andrew Blake @AndrewAtCerulli]

Climate is an obvious entry point into the ESG discussion for many, but advisors struggle to move the discussion forward surrounding other critical factors that may resonate with clients.

[Alexandria Fisher @AlexandriaESG]

🚨My Top 2022 ESG & Sustainable Finance Trends🚨

1⃣ FOMO
2⃣ YOLO
3⃣ Hubris & greenwashing (to taper off by Q4)
4⃣ More startups & continued industry consolidation
5⃣ Climate tunnel vision at the expense of other material ESG factors
6⃣ General confusion
7⃣ Exogenous verification

[Andrew Blake @AndrewAtCerulli]

Financial advisors cite a variety of reasons for failing to adopt ESG strategies, led by a perceived lack of investor demand. Advisors and clients need better resources to fully understand why adoption can benefit a portfolio. #esg #assetmanagement #cerulliresearch #esginvesting