Newly minted advisors, fresh out of training program, more often fail than succeed. Add a credit crisis, a market crash and a recession to the mix, and most green FAs quit before year one is up. Here's a handful who are bucking the odds.
Fidelity announced a new and improved online trading platform today, significantly expanding its international and foreign currency investment capabilities for financial advisors, broker-dealers and retail investors. With U.S. long-term growth forecasts looking slim compared to other developed markets and some emerging economies, the timing of the release is certainly no coincidence.
With all that’s occurred in the past 18 months, financial advisors have had a lot to ponder. Is Modern Portfolio Theory sufficient? Is buy and hold a sucker’s bet (more like “buy and hope”)? Is 60/40 stocks to bonds diversification enough? Or do clients need exposure to other asset classes? As tends to happen when a crisis hits, traditional ways of thinking get challenged and new theories emerge.
The market continues its remarkable recovery from March lows. The short-term outlook from many is that it could continue—Barry Ritholtz explains why in this post on his site. The long-term outlook for the markets and the economy is a lot less clear, but certainly colored by the gloomy forecasts of some well-known players.
The Securities Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) announced Wednesday that they expect to release a report within two weeks that explains the regulatory responsibilities of each agency and recommends ways to improve their functioning. Among other securities industry reforms, Congress and the Obama Administration are considering harmonizing the duties of the two agencies.
Former Merrill brokerage chief Bob McCann discussed everything from the future of wealth management (“very positive”) to client portfolios—underweight equities, hold some cash—while attending the Global Irish Economic Forum over the weekend.
Bob McCann wants to get to work. But where? The former Merrill Lynch brokerage head told a Manhattan federal judge yesterday that his new employer is losing patience, and he should be relieved of a non-compete clause in his BofA contract.
One year after the beginning of the end of Wall Street as we know it, the future of regulation, the stability of the banking system and the fortitude of the economy and the stock market are still a big question mark.
You may not remember our April 2008 cover story on Gary Gross, the Boca Raton, Florida, (where else?) broker with a 100-page, customer-complaint laden CRD. Gross apparently preyed on elderly people and a FINRA arbitration panel recently awarded $7 million to his victims, whom he defrauded.
Recent statistics show markedly improved longevity rates. Between 1985 and 2010, the number of people living past age 90 tripled and will quadruple in the next 40 years. In addition, death rates for various diseases including the two leading killers (heart disease and cancer) have decreased from 38% to 13.5% over the past 10 years....More
You make sure you practice good diversification techniques when advising your clients on their portfolios. Now, with this webinar, you can discover a key way to diversify your practice, with a wider client base that is geared for future growth....More
Investors tend to look at portfolio risk in terms of geographic exposure or asset classes—but that's not always an accurate gauge. Taking a broader view of risk assessment can provide a better sense of how the portfolio will perform in volatile markets....More
When practitioners meet with clients who are near death, they're tasked with making valuable contributions to the client's estate plan within a limited time frame. Using a 20-point checklist, our speakers will outline how eleventh hour planning may help clients achieve favorable outcomes for their beneficiaries and avoid missing valuable opportunities....More