Practice Management http://wealthmanagement.com/taxonomy/term/6620/more en FINRA Wants B/Ds To Dig Through Advisors' Pasts http://wealthmanagement.com/regulation-compliance/finra-wants-bds-dig-through-advisors-pasts <div class="node-body article-body">FINRA will now require broker-dealers to perform background checks on incoming brokers. But while most of the top firms already screen advisors, the new rules could force out up to 5 percent of advisors with past issues. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/finra-wants-bds-dig-through-advisors-pasts" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/finra-wants-bds-dig-through-advisors-pasts#comments Legal Regulation & Compliance Thu, 24 Apr 2014 20:55:00 +0000 544401 at http://wealthmanagement.com Schwab Drops Ban on Clients Filing Class-Action Lawsuits http://wealthmanagement.com/legal/schwab-drops-ban-clients-filing-class-action-lawsuits <div class="node-body article-body">Charles Schwab Corp has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday.</div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> SCHW </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/schwab-drops-ban-clients-filing-class-action-lawsuits" target="_blank">read more</a></p> http://wealthmanagement.com/legal/schwab-drops-ban-clients-filing-class-action-lawsuits#comments Legal Regulation & Compliance Thu, 24 Apr 2014 20:32:00 +0000 544351 at http://wealthmanagement.com Regulator's Broker Bonus Disclosure Plan Riles Insurers http://wealthmanagement.com/legal/regulators-broker-bonus-disclosure-plan-riles-insurers <div class="field-byline"> Reuters </div> <div class="field-deck"> Insurance industry wants FINRA off its turf </div> <div class="node-body article-body">Some of the loudest critics of a plan to require stockbrokers to tell clients about bonuses they receive for switching firms are not from Wall Street, but from the insurance industry.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/regulators-broker-bonus-disclosure-plan-riles-insurers" target="_blank">read more</a></p> http://wealthmanagement.com/legal/regulators-broker-bonus-disclosure-plan-riles-insurers#comments Industry Legal Regulation & Compliance Public Thu, 24 Apr 2014 17:10:00 +0000 543591 at http://wealthmanagement.com How to Ask Your Prospect Questions with Major “Impact” http://wealthmanagement.com/prospecting/how-ask-your-prospect-questions-major-impact <div class="field-deck"> Instead of asking your standard run-of-the-mill questions, help your prospect think through the consequences of action versus inaction </div> <div class="node-body article-body">While there are infinite questions to ask, the way in which you frame your inquiries is just as important.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/prospecting/how-ask-your-prospect-questions-major-impact" target="_blank">read more</a></p> http://wealthmanagement.com/prospecting/how-ask-your-prospect-questions-major-impact#comments Business Planning Prospecting Thu, 24 Apr 2014 14:39:00 +0000 543421 at http://wealthmanagement.com Eight Marketing Lessons from "Mad Men" http://wealthmanagement.com/marketing/eight-marketing-lessons-mad-men <div class="node-body gallery-body">Watching Don Draper work his magic is entertaining, but is it also educational? Here are eight marketing lessons advisors can learn from "Mad Men."</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/marketing/eight-marketing-lessons-mad-men" target="_blank">read more</a></p> http://wealthmanagement.com/marketing/eight-marketing-lessons-mad-men#comments Marketing Wed, 23 Apr 2014 20:22:00 +0000 542111 at http://wealthmanagement.com The Pared-Down Advisor http://wealthmanagement.com/business-planning/pared-down-advisor <div class="field-deck"> Feeling bogged down at the office? Here are tips from advisors who are keeping their practices light and mobile—using everyday apps and consumer tech tools </div> <div class="node-body article-body">Don't get a buried under outdated legacy software. Look to these low-cost apps, cloud-based services or creative uses of everyday technology to keep your office streamlined and efficient.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/business-planning/pared-down-advisor" target="_blank">read more</a></p> http://wealthmanagement.com/business-planning/pared-down-advisor#comments Business Planning Technology Public Tue, 22 Apr 2014 17:28:00 +0000 539021 at http://wealthmanagement.com <p>Sophia Bera</p> Behavioral Finance – What's Next? http://wealthmanagement.com/practice-management/behavioral-finance-whats-next <div class="field-deck"> Novel and unexpected findings have been the biggest reason behind the success of behavioral finance, but can it remain relevant? </div> <div class="node-body article-body">Novel and unexpected findings have been the biggest reason behind the success of behavioral finance, but can it remain relevant?</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/practice-management/behavioral-finance-whats-next" target="_blank">read more</a></p> http://wealthmanagement.com/practice-management/behavioral-finance-whats-next#comments Commentary Practice Management Public Tue, 22 Apr 2014 13:00:00 +0000 540051 at http://wealthmanagement.com <p>Daniel Crosby</p> Eleven Tools to Streamline Your Practice http://wealthmanagement.com/business-planning/eleven-tools-streamline-your-practice <div class="node-body gallery-body">Forget about legacy software. These apps and cloud-based tools will keep your practice light and mobile—without breaking the bank.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/business-planning/eleven-tools-streamline-your-practice" target="_blank">read more</a></p> http://wealthmanagement.com/business-planning/eleven-tools-streamline-your-practice#comments Careers Business Planning Tue, 22 Apr 2014 13:00:00 +0000 540061 at http://wealthmanagement.com FINRA's Troublesome Rule to Keep Clients Out of Expungement Requests http://wealthmanagement.com/commentary/finras-troublesome-rule-keep-clients-out-expungement-requests <div class="field-deck"> Why FINRA’s proposed rule to prohibit firms from demanding clients don’t oppose broker’s records being expunged will change nothing. </div> <div class="node-body article-body">FINRA issued a press release in February announcing its approval of a rule that would “prohibit firms and associated person from conditioning settlements of customer disputes on, … an agreement not to oppose a request to expunge information from an associated person’s Central Registration Depository (“CRD”) record.”</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/commentary/finras-troublesome-rule-keep-clients-out-expungement-requests" target="_blank">read more</a></p> http://wealthmanagement.com/commentary/finras-troublesome-rule-keep-clients-out-expungement-requests#comments Investment Commentary Legal Regulation & Compliance Tue, 22 Apr 2014 13:00:00 +0000 541831 at http://wealthmanagement.com <p>Patrick Mahoney</p> How to Find a Niche http://wealthmanagement.com/fix-my-practice/how-find-niche <div class="field-deck"> Tired of taking on the world? Specialize in one area, not three, and then drill deep. Our panel of experts help financial advisor David Adams see his best answer to stand out may be tapping into his hometown’s hottest industry </div> <div class="node-body article-body">A panel of experts answer the question, "What is the most efficient niche strategy for a boutique firm advisor?"</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/fix-my-practice/how-find-niche" target="_blank">read more</a></p> http://wealthmanagement.com/fix-my-practice/how-find-niche#comments Business Planning Fix My Practice Public Mon, 21 Apr 2014 20:13:00 +0000 539411 at http://wealthmanagement.com <p>Are three niches too many for David Adams?</p> Photo: Tamara Reynolds