So, Creative Planning just bought SageView Advisory. Another week, another acquisition in the retirement plan world. At this point, consolidation is like the weather forecast, inevitable and rarely surprising.<\/p>\n
Every few months, one big advisory firm swallows another, and the press releases always sound the same: \u201cWe\u2019re thrilled to join forces to provide enhanced client value.\u201d Translation: someone got a nice payday, and now everyone has to figure out how to merge two very different cultures.<\/p>\n
Here\u2019s the thing, bigger doesn\u2019t always mean better. Clients don\u2019t care about scale; they care about service. If a merger means their calls go to voicemail longer or their reports take an extra week, that \u201cenhanced value\u201d tagline gets old fast.<\/p>\n
Still, I can\u2019t fault either side. This is the business now, grow or get eaten. Just remember, for those of us still independent, this is where we can stand out: being personal, nimble, and actually answering the phone.<\/p>\n
Because while big firms buy growth, the rest of us still earn it.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" So, Creative Planning just bought SageView Advisory. Another week, another acquisition in the retirement plan world. At this point, consolidation is like the weather forecast, inevitable and rarely surprising. Every few months, one big advisory firm swallows another, and the … Continue reading