The pandemic has prompted many clients to consider early retirement, but most lack the resources to do so successfully. Advisors are combining financial planning with behavioral insights to help clients think through these emotionally driven decisions. Wealth management activity remains robust: Fidelity plans to hire about 4,000 employees to keep up with surging new accounts and trading, much of it from RIAs custodied at the firm. Meanwhile, baseball legend Derek Jeter joins the board of Rockefeller Capital Management, which also announced its 50th advisory team, Adapt Partners, previously managing $630 million at UBS.
The RIA market is red-hot, with first-quarter deals breaking records and average assets under management for sellers surpassing $2 billion, according to Echelon Partners. Veteran advisors continue to innovate as well; Paul Feinstein launched a Los Angeles-based asset management firm, while Hall of Fame advisor Anouchka Balog shares strategies for team building and portfolio adjustments amid rising interest rates…