The Institute for the Fiduciary Standard on Wednesday released its final set of best practices for advisors, which focus on addressing conflicts of interests, increasing transparency and communicating clearly with investors....More
Columbia Threadneedle chief economist Marie Schofield said U.S. growth is slow but stable, other established markets are slow and unstable, and emerging markets are slowing, unstable and extraordinarily fragile....More
The head of the Securities and Exchange Commission stressed the importance of collaboration among the industry and regulators on Monday, much the same way the two groups came together 75 years ago, following the Great Depression....More
Jim Craig, the goalie on the "Miracle on Ice" 1980 U.S. Hockey Olympic team, shared tips at the FPA Conference in Boston on what he learned as part of that team, as well as his personal experiences working with financial advisors.
Cambridge Investment Research supports establishing a thoughtful and effective uniform standard of care and meaningful disclosures applicable to all financial services professionals providing investment advice to retail clients....More
Wall Street’s regulatory watchdog, the Financial Industry Regulatory Authority, is off to a slow start in the amount of fines and restitution ordered from broker/dealers and financial firms during the first six months of 2015....More
The age of the Boomers is still upon us, but so is the age of high-tech, sophisticated young wealth earners and heirs to their Boomer parents. Here are six tips on how advisors can better serve Generation X.
In a sign of the growing importance of regulation and compliance at independent brokerages, LPL Financial Group is splitting its regulatory affairs group in half and hiring another former Wall Street regulator to help run the department....More
Today, more than 100 million Americans are members of a credit union. Yet surprisingly, 97% of these members don't have an established advisor relationship through their credit union. And the only thing standing between you and this sea of potential clients may be your broker/dealer....More
Less than half of next gen advisors have a high degree of confidence in their team leader's ability. The next generation advisor wants to be more engaged, believes they have more to add but struggles to find the best way to contribute to their wealth management team....More
What does it take to lead a high performing team? Are you seeing the kind of ROI from your next gen advisors that you need to? Do you know what you need to do to ramp up next gen performance quickly and efficiently? There are ways to support the efforts of your next gen team to be more productive in less time, but you have to know the secrets to leading a high performance team....More
Specialization is critical for advisors looking to differentiate themselves—with their firms and with their clients. But how do you go about matching your strengths with a specialty that truly interests you, and fits your talents?...More