Though RPAs loathe comparisons to law firms, advisers are professional service providers like lawyers and accountants who charge based on the work and time spent. More experienced professionals can charge a higher hourly rate – and last time I checked, few of them are hurting.
Advisors who are great at organic growth recognize that when it comes to building your client referral rate, you can travel fast—by asking for referrals—or you can travel far by focusing on client experience and advisor training.
Investors looking to commercial real estate as a hedge against inflation may be disappointed, warns The Wall Street Journal. U.S. companies are starting to snub SPACs, according to Reuters. These are among today’s must reads for the commercial real estate industry.