WealthManagement.com http://wealthmanagement.com/rss.xml en When Heirs Go Nuts http://wealthmanagement.com/high-net-worth/when-heirs-go-nuts <div class="field-deck"> What can we learn from Heather Cho's "nut rage"? </div> <div class="node-body article-body">The Korean Air "nut rage" incident demonstrates that the repercussions of nepotism can rear their heads in many forms</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/high-net-worth/when-heirs-go-nuts" target="_blank">read more</a></p> http://wealthmanagement.com/high-net-worth/when-heirs-go-nuts#comments High Net Worth Public Fri, 19 Dec 2014 20:07:00 +0000 736021 at http://wealthmanagement.com <p>Former Korean Air Lines Co. VP Heather Cho arrives at the Seoul western prosecutors&#39; office on December 17, 2014 in Seoul, South Korea.</p> Copyright Chung Sung-Jun, Getty Images Exclusive: AdvisorHUB Site Tried to Sell Broker Data to Major Wirehouses http://wealthmanagement.com/wirehouse/exclusive-advisorhub-site-tried-sell-broker-data-major-wirehouses <div class="field-byline"> Reuters </div> <div class="node-body article-body">AdvisorHUB, a year-old gossip and news website for the brokerage industry, has become such a part of brokers' daily reading routine that some call it the "New York Post of financial news."</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/exclusive-advisorhub-site-tried-sell-broker-data-major-wirehouses" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/exclusive-advisorhub-site-tried-sell-broker-data-major-wirehouses#comments Technology Wirehouse Fri, 19 Dec 2014 19:48:00 +0000 736011 at http://wealthmanagement.com <p>Andrew Parish</p> A Tale of Two Markets http://wealthmanagement.com/viewpoints/tale-two-markets <div class="field-deck"> A solid run of domestic data has set the United States apart from a beleaguered world. </div> <div class="node-body article-body">A solid run of domestic data has set the United States apart from a beleaguered world. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/viewpoints/tale-two-markets" target="_blank">read more</a></p> http://wealthmanagement.com/viewpoints/tale-two-markets#comments Viewpoints Investment Fri, 19 Dec 2014 17:45:00 +0000 736001 at http://wealthmanagement.com Alan Schein Photography/Fuse/Thinkstock Robo-Advisor AUM Grew 65 Percent In Eight Months http://wealthmanagement.com/technology/robo-advisor-aum-grew-65-percent-eight-months <div class="node-body article-body">A Corporate Insight study finds that robo-advisors' AUM grew 65 percent in just eight months. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/technology/robo-advisor-aum-grew-65-percent-eight-months" target="_blank">read more</a></p> http://wealthmanagement.com/technology/robo-advisor-aum-grew-65-percent-eight-months#comments Technology Fri, 19 Dec 2014 17:36:00 +0000 735991 at http://wealthmanagement.com Protection is as Important as Accumulation in Making Assets Last a Lifetime http://wealthmanagement.com/asset-protection/protection-important-accumulation-making-assets-last-lifetime <div class="field-byline"> David Stone </div> <div class="field-deck"> Clients do not want to lose what they spent years saving </div> <div class="node-body article-body">Clients do not want to lose what they spent years saving </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/asset-protection/protection-important-accumulation-making-assets-last-lifetime" target="_blank">read more</a></p> http://wealthmanagement.com/asset-protection/protection-important-accumulation-making-assets-last-lifetime#comments Asset Protection Retirement Planning Wealth Planning Fri, 19 Dec 2014 17:26:00 +0000 735981 at http://wealthmanagement.com maxuser/iStock/Thinkstock Budgeting Woes http://wealthmanagement.com/commentary/budgeting-woes <div class="field-deck"> REP. Readers Do It by the Numbers </div> <div class="node-body article-body">Is there a financial advisor who does not recommend that clients establish and maintain budgets? Yet surveys show that it’s not easy for clients to start new habits or break old ones. To encourage better budgeting, FAs need better statistics. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/commentary/budgeting-woes" target="_blank">read more</a></p> http://wealthmanagement.com/commentary/budgeting-woes#comments Commentary Wealth Planning Fri, 19 Dec 2014 17:17:00 +0000 731781 at http://wealthmanagement.com Ingram Publishing/Thinkstock SEC Accuses Unregistered Broker/Dealer Of Defrauding Seniors http://wealthmanagement.com/legal/sec-accuses-unregistered-brokerdealer-defrauding-seniors <div class="node-body article-body">A firm in Staten Island, N.Y. allegedly defrauded 300 senior citizen investors of more than $9 million. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/sec-accuses-unregistered-brokerdealer-defrauding-seniors" target="_blank">read more</a></p> http://wealthmanagement.com/legal/sec-accuses-unregistered-brokerdealer-defrauding-seniors#comments Legal Fri, 19 Dec 2014 16:35:00 +0000 735211 at http://wealthmanagement.com Withdrawal Strategies For Early Retirees http://wealthmanagement.com/retirement-planning/withdrawal-strategies-early-retirees <div class="node-body article-body">Your clients need a method for making withdrawals if they want to retire before turning 59 1/2.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/retirement-planning/withdrawal-strategies-early-retirees" target="_blank">read more</a></p> http://wealthmanagement.com/retirement-planning/withdrawal-strategies-early-retirees#comments Retirement Planning Fri, 19 Dec 2014 15:24:00 +0000 730091 at http://wealthmanagement.com The Various Flavors of Long/Short Equity Funds http://wealthmanagement.com/etfs/various-flavors-longshort-equity-funds <div class="node-body article-body">There are precious few true long/short funds that invest in domestic equities that are not merely market-neutral, and even fewer in an ETF wrapper. A new one from First Trust Advisors has joined the ranks with a focus on “aggressive accounting” practices to discern its positions. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/etfs/various-flavors-longshort-equity-funds" target="_blank">read more</a></p> http://wealthmanagement.com/etfs/various-flavors-longshort-equity-funds#comments Equities ETFs Fri, 19 Dec 2014 15:06:00 +0000 731701 at http://wealthmanagement.com ©iStockphoto.com/MicroWorks Spousal Team Dynamics http://wealthmanagement.com/careers/spousal-team-dynamics <div class="node-body article-body">It takes willingness, understanding and a thick skin to make a spousal partnership succeed, but it’s worth it.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/careers/spousal-team-dynamics" target="_blank">read more</a></p> http://wealthmanagement.com/careers/spousal-team-dynamics#comments Business Planning Careers Fri, 19 Dec 2014 14:56:00 +0000 730061 at http://wealthmanagement.com RCAP Calls Allegations Against Schorsch “Unfounded” http://wealthmanagement.com/real-estate/rcap-calls-allegations-against-schorsch-unfounded <div class="node-body article-body">RCS Capital CEO Michael Weil said allegations that Nicholas Schorsch cooked American Realty Capital's books are “unfounded” and that the ordeal should have no material impact on their business.</div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> RCAP ARCP </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/real-estate/rcap-calls-allegations-against-schorsch-unfounded" target="_blank">read more</a></p> http://wealthmanagement.com/real-estate/rcap-calls-allegations-against-schorsch-unfounded#comments People RCS Capital Corp Real Estate Fri, 19 Dec 2014 14:14:00 +0000 735891 at http://wealthmanagement.com Saft on Wealth: Wherever You Go, There You Are http://wealthmanagement.com/etfs/saft-wealth-wherever-you-go-there-you-are <div class="field-byline"> Reuters </div> <div class="node-body article-body">Here is the thing about investing: wherever you go, there you are. Which is another way of saying that we carry our problems, weaknesses and foibles as investors around with us, no matter how we approach the discipline or what tools we use.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/etfs/saft-wealth-wherever-you-go-there-you-are" target="_blank">read more</a></p> http://wealthmanagement.com/etfs/saft-wealth-wherever-you-go-there-you-are#comments ETFs Fri, 19 Dec 2014 13:41:00 +0000 735221 at http://wealthmanagement.com adrian825/iStock/Thinkstock Schwab's Clendening Leaving With More Than $5.2 Million Package http://wealthmanagement.com/people/schwabs-clendening-leaving-more-52-million-package <div class="field-byline"> Reuters </div> <div class="node-body article-body">John Clendening, the former co-head of Charles Schwab Corp's retail brokerage business, will collect a cash payment of $5.17 million as part of a separation agreement he signed on Dec. 10, the San Francisco-based brokerage firm said in a regulatory filing on Thursday.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/schwabs-clendening-leaving-more-52-million-package" target="_blank">read more</a></p> http://wealthmanagement.com/people/schwabs-clendening-leaving-more-52-million-package#comments People Fri, 19 Dec 2014 13:30:00 +0000 735351 at http://wealthmanagement.com Job Hoppers http://wealthmanagement.com/careers/job-hoppers <div class="field-deck"> Sometimes, the best training a financial advisor has is the years previously spent working in an unrelated profession </div> <div class="node-body article-body">Sometimes, the best training a financial advisor has is the years previously spent working in an unrelated profession. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/careers/job-hoppers" target="_blank">read more</a></p> http://wealthmanagement.com/careers/job-hoppers#comments Business Planning Careers Fri, 19 Dec 2014 10:10:00 +0000 730121 at http://wealthmanagement.com <p>David Ortiz operates his advisory firm, The Financial Chef, out of his restaurant in Coral Gables, Fla.</p> Photo by Tom Salyer The Daily Brief: Lawsuit: Schorsch Accused of Cooking ARCP's Books http://wealthmanagement.com/blog/daily-brief-lawsuit-schorsch-accused-cooking-arcps-books <div class="node-body blog-body">Lisa McAlister, ARCP's former chief accounting officer, has filed a $50 million lawsuit in New York State accusing former ACRP Chairman Nicholas Schorsch of ordering her to manipulate quarterly financial results.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/daily-brief">The Daily Brief</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/daily-brief-lawsuit-schorsch-accused-cooking-arcps-books" target="_blank">read more</a></p> http://wealthmanagement.com/blog/daily-brief-lawsuit-schorsch-accused-cooking-arcps-books#comments Legal People Blogs Wirehouse The Daily Brief Fri, 19 Dec 2014 10:00:00 +0000 735181 at http://wealthmanagement.com U.S. Regulators Seek Information on Asset Managers' Risks http://wealthmanagement.com/regulation-compliance/us-regulators-seek-information-asset-managers-risks <div class="field-byline"> Reuters </div> <div class="node-body article-body">The U.S. financial risk council on Thursday requested information on asset managers' key risks as part of an attempt to determine whether the industry poses a threat to markets.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/us-regulators-seek-information-asset-managers-risks" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/us-regulators-seek-information-asset-managers-risks#comments Industry Regulation & Compliance Thu, 18 Dec 2014 17:55:00 +0000 735041 at http://wealthmanagement.com <p>Regulators want information about asset managers&#39; liquidity, leverage, and how they could be resolved if they were to fail.</p> Copyright Alex Wong, Getty Images Pimco Sees Global Growth Ramping Up in 2015, Boosted by Lower Oil Prices http://wealthmanagement.com/markets/pimco-sees-global-growth-ramping-2015-boosted-lower-oil-prices <div class="field-byline"> Reuters </div> <div class="node-body article-body">Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/markets/pimco-sees-global-growth-ramping-2015-boosted-lower-oil-prices" target="_blank">read more</a></p> http://wealthmanagement.com/markets/pimco-sees-global-growth-ramping-2015-boosted-lower-oil-prices#comments Markets Fixed Income Thu, 18 Dec 2014 16:56:00 +0000 734951 at http://wealthmanagement.com Copyright Chris Hondros, Getty Images Drop It Low - A Reprise http://wealthmanagement.com/viewpoints/drop-it-low-reprise <div class="field-deck"> The trend in interest rates is either deflationary or the result of a supply/demand mismatch in quality paper </div> <div class="node-body article-body">VIEWPOINTS: Matthias Paul Kuhlmey, Partner and Head of Global Investment Solutions (GIS), HighTower Advisors; The trend in interest rates is either deflationary or the result of a supply/demand mismatch in quality paper</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/viewpoints/drop-it-low-reprise" target="_blank">read more</a></p> http://wealthmanagement.com/viewpoints/drop-it-low-reprise#comments Strategies Viewpoints Investment Thu, 18 Dec 2014 16:23:00 +0000 734931 at http://wealthmanagement.com Evgeny Sergeev/iStock/Thinkstock Two Wells Fargo Units to Pay $1.5 Million for Anti-Money Laundering Lapses - FINRA http://wealthmanagement.com/legal/two-wells-fargo-units-pay-15-million-anti-money-laundering-lapses-finra <div class="field-byline"> Reuters </div> <div class="node-body article-body">Two brokerage units of Wells Fargo &amp; Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/two-wells-fargo-units-pay-15-million-anti-money-laundering-lapses-finra" target="_blank">read more</a></p> http://wealthmanagement.com/legal/two-wells-fargo-units-pay-15-million-anti-money-laundering-lapses-finra#comments Legal Wirehouse Thu, 18 Dec 2014 15:09:00 +0000 734911 at http://wealthmanagement.com Saft: Fed Playing Patience as Inflation Lags http://wealthmanagement.com/markets/saft-fed-playing-patience-inflation-lags <div class="field-byline"> Reuters </div> <div class="node-body article-body">Call it patience or any of the rest of the seven virtues if you like, but the truth is that the Fed can't raise interest rates because inflation won't play along.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/markets/saft-fed-playing-patience-inflation-lags" target="_blank">read more</a></p> http://wealthmanagement.com/markets/saft-fed-playing-patience-inflation-lags#comments Markets Thu, 18 Dec 2014 14:34:00 +0000 734251 at http://wealthmanagement.com Wall Street's 'Fear Gauge' May Not Recede Before Year-End http://wealthmanagement.com/equities/wall-streets-fear-gauge-may-not-recede-year-end <div class="field-byline"> Reuters </div> <div class="node-body article-body">Just when it looked like Wall Street's fear gauge would settle down for the holidays, it has been on the rise again, and a jump in the cost of hedging suggests that volatility might be here to stay at least until year-end.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/equities/wall-streets-fear-gauge-may-not-recede-year-end" target="_blank">read more</a></p> http://wealthmanagement.com/equities/wall-streets-fear-gauge-may-not-recede-year-end#comments Markets Equities Thu, 18 Dec 2014 14:29:00 +0000 733961 at http://wealthmanagement.com Copyright Chris Hondros, Getty Images The Year of Financial Advisor Transformation http://wealthmanagement.com/practice-management/year-financial-advisor-transformation <div class="node-body article-body">If advisors want to capture a bigger piece of the pie, they’ll need to transform their business. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/practice-management/year-financial-advisor-transformation" target="_blank">read more</a></p> http://wealthmanagement.com/practice-management/year-financial-advisor-transformation#comments Business Planning Marketing Practice Management Thu, 18 Dec 2014 14:14:00 +0000 730081 at http://wealthmanagement.com cloudnumber9/iStock/Thinkstock The Daily Brief: What's Your Succession Plan? http://wealthmanagement.com/blog/daily-brief-whats-your-succession-plan <div class="node-body blog-body">The SEC is working on a rule that would require financial advisors to create transitions plans in case or retirement or a major disruption in their business. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/daily-brief">The Daily Brief</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/daily-brief-whats-your-succession-plan" target="_blank">read more</a></p> http://wealthmanagement.com/blog/daily-brief-whats-your-succession-plan#comments Blogs Business Planning Strategies Succession Planning College Planning Retirement Planning The Daily Brief Thu, 18 Dec 2014 10:00:00 +0000 734161 at http://wealthmanagement.com <p><em>Wavebreakmedia Ltd/Wavebreak Media/Thinkstock</em></p> Top 10 Takeaways from 2015 Outlooks http://wealthmanagement.com/equities/top-10-takeaways-2015-outlooks <div class="node-body gallery-body">Every year around this time, asset managers and investment analysts put out their forecasts for the next year. A common theme among them? Divergence. Here are the top 10 takeaways from 2015 outlooks. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/equities/top-10-takeaways-2015-outlooks" target="_blank">read more</a></p> http://wealthmanagement.com/equities/top-10-takeaways-2015-outlooks#comments Markets Equities Thu, 18 Dec 2014 10:00:00 +0000 731951 at http://wealthmanagement.com Wells Fargo Increases Minimum Ticket Size on Equities Trades http://wealthmanagement.com/wirehouse/wells-fargo-increases-minimum-ticket-size-equities-trades <div class="node-body article-body">Wells Fargo Advisors' compensation grid remains relatively unchanged from last year. The firm has increased the minimum ticket size for advisors to get paid on equity transactions to $125 from $95 last year, according to the firm’s new compensation plan for 2015.</div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> WFC </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/wells-fargo-increases-minimum-ticket-size-equities-trades" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/wells-fargo-increases-minimum-ticket-size-equities-trades#comments Wirehouse Wed, 17 Dec 2014 21:18:00 +0000 734231 at http://wealthmanagement.com An Amazing Cocktail Party http://wealthmanagement.com/client-relations/amazing-cocktail-party <div class="node-body article-body">Reading Tony Robbins' 600-page dissertation on the wealth management business, it reminds one of a cocktail party filled with unforgettable moments and regrettable interactions</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/client-relations/amazing-cocktail-party" target="_blank">read more</a></p> http://wealthmanagement.com/client-relations/amazing-cocktail-party#comments Business Planning Client Relations Practice Management Wed, 17 Dec 2014 20:54:00 +0000 734221 at http://wealthmanagement.com David_Rey/iStock/Thinkstock Eurozone Lessons: The Good, the Bad and the Structural http://wealthmanagement.com/strategies/eurozone-lessons-good-bad-and-structural <div class="field-byline"> Lucy O&#039;Carroll </div> <div class="field-deck"> Can the Eurozone defy its critics and produce a robust recovery in 2015? </div> <div class="node-body article-body">Can the Eurozone defy its critics and produce a robust recovery in 2015?</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/strategies/eurozone-lessons-good-bad-and-structural" target="_blank">read more</a></p> http://wealthmanagement.com/strategies/eurozone-lessons-good-bad-and-structural#comments Strategies Investment Wed, 17 Dec 2014 20:40:00 +0000 734191 at http://wealthmanagement.com pashamba/iStock/Thinkstock Raymond James Hires Two Advisors from Morgan Stanley http://wealthmanagement.com/people/raymond-james-hires-two-advisors-morgan-stanley <div class="field-byline"> Reuters </div> <div class="node-body article-body">Raymond James Financial Inc said on Wednesday it hired two advisers from Morgan Stanley for its Georgia office.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/raymond-james-hires-two-advisors-morgan-stanley" target="_blank">read more</a></p> http://wealthmanagement.com/people/raymond-james-hires-two-advisors-morgan-stanley#comments People Wirehouse Wed, 17 Dec 2014 19:09:00 +0000 734171 at http://wealthmanagement.com With Flows Muted, a Correction Could Threaten Asset Managers http://wealthmanagement.com/asset-management/flows-muted-correction-could-threaten-asset-managers <div class="node-body article-body">The global asset management industry had a rosy year, but net inflows in the U.S. have hovered at 1 percent a year since 2012, down from an average 3 percent net flow rate from 2002 to 2007, a new McKinsey report shows.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/asset-management/flows-muted-correction-could-threaten-asset-managers" target="_blank">read more</a></p> http://wealthmanagement.com/asset-management/flows-muted-correction-could-threaten-asset-managers#comments Markets Asset Management Wed, 17 Dec 2014 19:08:00 +0000 734151 at http://wealthmanagement.com 5 Holiday Tips for Financial Advisors Mixing Business with Pleasure http://wealthmanagement.com/client-relations/5-holiday-tips-financial-advisors-mixing-business-pleasure <div class="node-body gallery-body">When you uncover a social event, whether it’s your client’s or one they plan to attend, your objective is simple; get invited</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/client-relations/5-holiday-tips-financial-advisors-mixing-business-pleasure" target="_blank">read more</a></p> http://wealthmanagement.com/client-relations/5-holiday-tips-financial-advisors-mixing-business-pleasure#comments Business Planning Client Relations Practice Management Wed, 17 Dec 2014 19:04:00 +0000 734181 at http://wealthmanagement.com