Advisor Intelligence

FINRA's Ketchum: Firms Need To Use Plain English

Tue, 21 May 2013 16:06:00 +0000

FINRA's Rick Ketchum tells firms they need to move beyond compliance to win back investor trust. They need to make sure all disclosures, including legal, are written in plain, unequivocal English.

Advisor Intelligence

Money on the Move in May

Fri, 10 May 2013 18:34:00 +0000

A Missouri brokerage expands its reach with new offices in Florida and Alabama, while a Colorado-based banking firm builds out a new brokerage division.

Advisor Intelligence

A Dose of Reality for Active Managers

Wed, 08 May 2013 18:11:00 +0000

Schroder's top investment advisor says it's not enough for active fund mangers to simply beat the benchmark, they need to deliver results based on what ends up in the client's pocket at the end of the day.

Advisor Intelligence

IPA Rolls Out New Valuation System for REITs

Mon, 29 Apr 2013 17:33:00 +0000

In a move to increase transparency, trade group IPA introduces the first industry-wide valuation guideline for non-listed REITs.

Advisor Intelligence

Better Safe Than Sorry

Wed, 24 Apr 2013 15:18:00 +0000

If you’re telling clients they should have plans to pass wealth to heirs, you better be thinking about your own. Advisors routinely put succession planning on the back burner, to their detriment, says Raymond James’ director of practice planning and acquisitions Patrick Jinks.

Advisor Intelligence

Don't Get Stuck in the MIddle

Tue, 23 Apr 2013 19:59:00 +0000

As Jan Brady repeatedly discovered, being in the middle is tough. Raymond James’ CEO Paul Reilly says the same is true with the size of financial services firms.

Advisor Intelligence

Breaking Up: Losing Clients To Boost Profitability

Tue, 23 Apr 2013 18:15:00 +0000

Some clients just aren't profitable. As much as advisors want to help everyone, they need to maintain practice profitability. A Michigan firm recently has started the process of culling its clientbase, shedding 75 out of a 250 goal.

Advisor Intelligence

RJFS To Focus On Technology, Regulatory Issues & Succession Planning

Mon, 22 Apr 2013 23:47:00 +0000

What’s next for Raymond James? President Scott Curtis told attendees of the firm’s national professional development conference on Tuesday that firm plans to tackle technology upgrades, regulatory and compliance issues, as well as advisor succession planning.

Advisor Intelligence

A Low Tech Approach

Mon, 22 Apr 2013 18:58:00 +0000

A Massachusetts-based Raymond James advisor finds a low-cost, low-tech solution to deliver quick, easy to understand client reports.

Advisor Intelligence

BofA’s Wealth Management Margins Jump to 26%

Wed, 17 Apr 2013 18:36:00 +0000

Bank of America's wealth management segment reported a record pre-tax margin of 26 percent for the first quarter of 2013, although advisor count declined.

Advisor Intelligence

Envestnet Grows Again Through $30M Deal

Fri, 12 Apr 2013 18:36:00 +0000

Envestnet agreed to pay over $30 million to acquire Prudential's wealth management solutions division in a move that is set to make the Chicago-company the largest platform in the business.

Advisor Intelligence

Cambridge Loses Longtime Exec Jim Guy

Thu, 11 Apr 2013 16:33:00 +0000

Jim Guy, Cambridge Investment Research's first executive vice president and head of marketing passed away last week.

Advisor Intelligence

Sallie Krawcheck on the Real Reasons to Hire a Financial Advisor

Fri, 29 Mar 2013 16:52:00 +0000

If active money managers can’t beat the market, how can a financial advisor be expected to? They can’t, or that’s the idea behind a recent LinkedIn post by Sallie Krawcheck, former president of Merrill Lynch’s thundering herd.

Advisor Intelligence

Cetera Wealth Management Leader Taking Time For Family

Tue, 26 Mar 2013 19:32:00 +0000

Cetera Financial Group’s executive in charge of wealth management, Barnaby Grist, is stepping down, saying that he needs to put family obligations first right now.

Advisor Intelligence

There’s an App for That, But Maybe That’s Not a Good Thing

Thu, 21 Mar 2013 17:12:00 +0000

These days, there are technology applications for automating nearly everything an advisor does, but when does technology just go too far?