The average financial advisor is in his 50s and mulling retirement. The total number of advisors in the industry has been flat for years and is expected to decline in coming years. These facts are constantly trotted out as proof that a talent crunch is at hand in the industry. But in fact, it may be no big deal....More
Securities America is just the latest broker/dealer to face financial distress. With so many firms falling into financial or legal hot water lately, financial advisors need to be prepared for the worst. Here's a checklist for your Plan B....More
After their bang-up performance in 2008, everyone is talking about managed futures. They can make great diversifiers in some portfolios, but be sure to do your homework. They're opaque, often highly leveraged, and can be expensive....More
In his new book, David Skeel argues that Dodd-Frank financial reform legislation fails to limit financial risk or prevent another too-big-to-fail crisis. Worse, it institutionalizes bailouts and leaves American finance less stable and more politically...More
Momentum players were once derided as the “greater fool” style of investing. But there is some proof that the strategy has a place in a portfolio....More
Rather than pushing change through as quickly as possible, get your employees involved and ask for their input. You'll have much greater success at making your changes work for you and your business....More
It's the caliber of the student who gets into an Ivy League college, more than the academics or connections she makes, that is the better indicator of future success....More
Passing ownership of the house to kids to shield it from being tapped for nursing home expenses is not always a good idea. Here's why, and some alternatives....More
Because so much of our coaching involves helping advisors acquire more affluent clients, we're constantly asked the question, What does it take to become...More
A distressingly high percentage of workers in America don't even so much as attempt a back-of-the-cocktail-napkin calculation when trying to figure out what they'll need to retire on, according to the 21st annual Retirement Confidence Survey by the Employee Benefit Research Institute....More
True, the prospect of litigating a case brought by the Securities and Exchange Commission or the Financial Industry Regulatory Authority against a b/d or advisory firm is not a pleasant one, and an automatic reflex may be to settle. Not so fast, ......More
Genworth Financial has named Martin Klein its new senior vice president and chief financial officer. He was previously a managing director at Barclays Capital, where he headed the Insurance Solutions Group and Pension Solutions Group. Presidio Financial ......More