Blackstone Group - Competitors

Blackstone Group Competition

Now Viewing Blackstone Group's competition in: Financial Planners and Investment Advisors (primary)

Recent Developments

Switching Firms Increasingly Popular - A higher percentage of financial advisors may be interested in moving to a different job in 2008 than in 2007. The increase, year-to-year, was 4 percent, according to a Fidelity Investments survey, with many advisors citing the opportunity to make more money and institutional direction as primary reasons for going elsewhere. Other factors were workplace environment and training opportunities.

Mutual Funds Seek Canadian Advisors - Many mutual fund products find investors through direct marketing, but a new strategy in Canada tries to hire investment advisors by offering an additional fee. The fee, which can range from 0.5 to 1.5 percent of assets, is intended to get advisors interested in certain funds and subsequently recommend them to clients. While the fee has both supporters and detractors, it's a way for both advisors and mutual fund managers to make higher profits.

Planners, Advisors Networking in Major Banks - Large US banks offer a range of services, and a new trend connects financial planners and investment advisors to complementary areas of the bank. One connects investment banking and financial planning, so that clients seeking investment banking services are referred to in-house financial planners and investment advisors (and vice-versa). Some large banks have bonuses that reward both parties for in-house referrals and deals.

Competitive Landscape

Demand is driven by consumer income and wealth, and by demographics. The profitability of individual firms depends largely on effective marketing. Large companies have some advantages in providing expertise in a wider range of investment options, and may charge lower fees. Small companies can compete successfully by providing better service and advice. In small and large firms, annual average revenue per employee is about $200,000.

Full Industry Overview For Financial Planners and Investment Advisors

Financial Planners and Investment Advisors Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US securities, commodity contracts, and investments, an indicator for financial planners and investment advisers, is forecast to grow at an annual compounded rate of 3.3 percent between 2007 and 2012.

Securities, Commodities, and Investment Growth Level

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.