Apr 24, 2012
By Matt Oechsli
Elite advisors are very serious about their profession and are always looking to improve....
Apr 23, 2012
Diana Britton
For the last year, retail investors have been retreating from U.S. equity mutual funds like no other, redeeming $121 billion from these funds in the last year. ...
Apr 23, 2012
By Stan Luxenberg
Plenty of advisors have embraced Treasury Inflation-Protected Securities (TIPS). The principal value of TIPS rises with the consumer price index. ...
Apr 20, 2012
By Diana Britton
Firm Bets On Hunger For Advice Among Mass and Middle Markets; New Venture Will Be “Training Ground” For Rookie Advisors...
Apr 20, 2012
By Jerry Gleeson
Expecting more cumbersome regulations and greater scrutiny of the industry, the head of a small Florida broker/dealer left its affiliation with a community bank in favor of starting an independent hybrid RIA – and took half his staff with him....
Apr 20, 2012
By Kristen French
Morgan Stanley has three goals for its retail brokerage business, CEO James Gorman said on a conference call Thursday morning......
Apr 19, 2012
By Kristen French
The battle for the retail brokerage crown is real. Both Merrill and Morgan Stanley scoffed at the idea that they were competing for the No. 1 slot back when we wrote about their new-ish rivalry......
Apr 19, 2012
By Matt Oechsli
Our recent research cites that socializing with affluent clients is important in meeting expectations and penetrating spheres of influence. ...
Apr 18, 2012
By Jonathan Moreland
We have stayed 100% invested over the past couple week’s turmoil despite debt fears in Europe again hitting investors’ sensibilities, concern of a hard landing in China, a disappointing March jobs number, and, well, whatever other reasonable angst causing metric is out there—and there are many....
Apr 18, 2012
By Kristen French
Sallie Krawcheck, aka “Mrs. Clean,” is kicking off the next chapter of her long career in the wealth management industry with a position on the star-studded advisory board of Gold Bullion International, an investment platform for precious metals assets....
Apr 18, 2012
By Diana Britton
Whether you agree with him or not, Chip Roame, managing principal of Tiburon Strategic Advisors, is not afraid to tell you exactly how he sees it when it comes to the financial services industry. ...
Apr 18, 2012
By Diana Britton
World Securities Group tops the list of broker migration in the first quarter of 2012, terminating its FINRA filings and merging with Transamerica Financial Advisors....
Apr 18, 2012
By Kevin McKinley
Seniors can buy a new home with a large initial deposit, but no future mortgage payment....
Apr 17, 2012
By Jerry Gleeson
The number of breakaway brokers joining TD Ameritrade in its fiscal second quarter continued at the double-digit pace set in 2011, the company said today. ...
Apr 17, 2012
By Diana Britton
Chip Roame, managing principal of Tiburon Strategic Advisors, made a bold prediction today at Tiburon’s 22nd annual CEO Summit in New York: The self-serve channel is booming. Roame predicts that in 10 years, the number of discount brokerage branches and the number of bank branches will reverse themselves....
Apr 17, 2012
By Alan Lavine
The baby bust in the U.S. is over, and babies are again on the rise. That means more demand for life insurance. ...
Apr 16, 2012
By Jerry Gleeson
Schwab Advisor Services is signing up advisor assets at a pace that tracks its historical average, Executive Vice President of Advisor Services Bernie Clark said....
Apr 16, 2012
By Jerry Gleeson
A startup wants to unite the universe of disconnected RIAs into a national recognized brand of networked firms, with standards, marketing muscle and economies of scale. ...
Apr 16, 2012
By Lynn O'Shaughnessy
Financial aid letters are often confusing and misleading. You can help your clients if you know show them how to read between the lines. ...
Apr 13, 2012
By Kristen French
Wells Fargo’s wealth management business reported no growth in assets and a slight decline in advisors for the first quarter versus the same time period a year ago. Total client assets in the bank’s wealth, brokerage and retirement division sat at $1.4 trillion, flat versus the first quarter of last year, despite a 6 percent rise in the S&P 500 over that period. ...
Apr 13, 2012
By Diana Britton
In what is a rare occurrence, this week an arbitration panel ordered Lincoln Financial Advisors to shell out $2 million in compensatory damages to Jeffrey Concepcion, a former Lincoln broker......
Apr 13, 2012
By Kristen French
Four long-time Merrill Lynch wealth management executives launched a hybrid broker/dealer RIA firm called Snowden on Thursday. ...
Apr 13, 2012
By Mark Miller
What worries your clients most about their prospects for achieving a secure retirement? The cost of health care. ...
Apr 12, 2012
By Stephen Boswell and Kevin Nichols
We’ve found that affluent clients leave advisors far more frequently for poor service than for poor financial advice. Don’t get us wrong – financial advice is the core of your business, but the affluent consider that a hygiene factor....
Apr 11, 2012
By Diana Britton
Non-traded real estate investment trusts have been getting a lot of bad press lately, as valuations for some have dropped dramatically. ...
