Markets buoyed business for financial advisors last year, but the rally masked underlying issues such as declining client retention, lower fees and an aging client base.
While last year was a profitable one for advisors, it would be a “mista...
Young financial planners have a new network dedicated to helping them connect with NexGen clients. Industry blogger and advisor Michael Kitces and planner Alan Moore launched XY Planning Network on Friday, a new site and virtual community designed...
The number of FINRA enforcement cases aimed at financial firms may be down slightly so far this year, but the fines themsleves are on the rise, according to new data released by Sutherland Asbill & Brennan LLP Thursday...
More and more retirement plan sponsors are making simpler for investors to participate, with many more adding automatic enrollment features and automatic contribution increases, according to Merrill Lynch’s recent 401(k) Wellness Report Card...
While many think of wirehouse advisors as old and stodgy, the IBD channel actually employs the oldest guys in the business. Data published in IMCA’s quarterly research report by Cerulli Associates shows that IBD advisors’ average age is 53.4 year...
Financial advisors tend to be better off than their parents, making about 8 percent more than them in adulthood, according to a recent analysis by NPR.
The news outlet’s “Planet Money” blog looked at government data for the same group of people ...
Institutions—no matter how large—should be held accountable for crimes. And it’s only a matter of time before a significant financial company is charged with a felony because prosecutors aren't buying the 'sky will fall&...
The data breach that hit Target late last year caused a flurry of concern over cyber security at institutions that hold client and customer information. But large companies such as Target may actually be better off than registered investment advi...
We’ve all heard the hype about online advice portals like Betterment, WealthFront and LearnVest and the threat these “robo-advisors” pose to the flesh-and-blood financial advisor. I believe it’s an unjustified fear, one...
