In his new book, advisor Ron Carson argues that advisors are not adding value to consumers beyond a doubt. “A lot of advisors are failing their clients because they’ve sold themselves as the next Warren Buffett, and they’re not,” he says.
RBC’s wealth management head John Taft, an outspoken advocate for the brokerage industry, will retire in May after over a decade in the role, the company announced Thursday. The firm will search for a successor.
Variable annuities can offer a number of potential benefits: They can help plan retirement income, generate tax-deferred growth and, with some contracts, protect principal. Yet even advisors, who recognize the benefits of variable annuities acknowledge their drawbacks—particularly their fees and the tax treatment of gains....More
As the industry continues to shift toward fee based business, many advisors are taking a deeper look into their current practice in an effort to align with this trend. The good news is that shifting away from a commission-based model can transform your practice in powerful ways—including increasing the stability of your revenue streams, enhancing client loyalty and potentially boosting the value of your businesses....More