Marketing is one activity advisors fret about but few do well, if at all. The same goes for social media. Vestorly, a New York City-based startup co-founded by Justin Wisz, may finally help them put some teeth into their efforts....More
When you hear industry pundits fretting about the lack of next-gen advisors, consider Alan Moore and his cohorts. Moore founded his own fee-only advisory firm at 25 and two years later co-launched a network to support other young advisors....More
The true mark of a good lobbyist is their ability to effect change for their organization without becoming the news themselves. You may not have heard of Robert Lewis, who joined the Financial Services Institute in March 2012, but as head of the group’s legislative affairs, he’s has had a hand in many industry issues....More
The U.S. ETF market is a crowded place; 80 percent of the assets are tied to three firms—iShares, Vanguard and State Street. So getting a slice of the market is a daunting task, but Lee Kranefuss, "the father of ETFs" knows his way around the territory....More
Where is the "Ten to Watch" of 2004? We were prescient; the list of industry influencers we identified ten years ago includes some names that indeed went on to make an impact. Here's where they are now.
Most investment advisors don't have to worry about being audited too often. The Securities and Exchange Commission only examines 9 percent of its registrants per year, and 40 percent of advisors have never gone through an SEC examination. But Jane Jarcho, head of exams for investment advisors and investment companies, is trying hard to change that....More
With all of the discount online brokerages and so-called “robo-advisors” out there—online advice platforms trying to replace flesh-and-blood advisors, to greater or lesser degrees—you’d think it would be difficult for a new player to make an impact. But Rich Hagen isn’t a new player....More
When Pacific West Securities decided it was time to close its doors and move its reps to Cetera Advisors, Erinn Ford, then Pacific West’s chief operating officer and head of marketing, handled the situation gracefully, by all accounts....More