Parents don’t want their children counting on future inheritances, while children don’t want to upset their parents by talking about their estate planning. The result? One in three parents haven't had detailed conversations with their adult child...
Ever think about leaving the smartphone, tablet and laptop at home while on vacation? Apparently, the richer a person is, the harder that is to do.
What does this mean for advisors? For one, they may have to be on call much more for their wealth...
Independent advisors are facing a myriad of challenges to their business, including emerging competition from “robo advisors” and an aging client population.
“Today’s independent advisors must make not one, but multiple strategic decisions to su...
Bank of America Merrill Lynch lured a former BlackRock executive out of retirement to head up the firm’s affluent segment and strategy. For Mike Bitterly, the move is a homecoming of sorts, having started his career with Merrill Lynch as an advis...
Social media does not get the attention it deserves by advisors, said Tina Powell, director of business management at Beacon Wealth Management in Hackensack, N.J. You wouldn’t shut down your website if traffic was down, “So I mean I...
With the bills piling up, almost half of millennials say they don’t have the funds to save for retirement right now. And over half believe they can’t afford a financial advisor to help them along the way.
In a survey of over 1,600 individuals be...
Mark Haefele, formerly global head of investment, will take over as global Chief Investment Officer for UBS Wealth Management and UBS Wealth Management Americas, replacing Alexander Friedman.
Mark Haefele
In his new role, Haefele will overse...
Good portfolio management is still the biggest reason clients stick with their financial advisor, even among the wealthiest investors.
In a survey of 3,025 global investors with an average of $2.9 million in assets, 17 percent of wealthy investo...
Benefitting from faster access to the markets is akin to buying a first-class plane ticket, and doesn’t sound unfair, said the top cop at Wall Street regulator FINRA.
Speaking on a panel at a conference sponsored by the Practicing Law Institute ...
If the financial services industry is serious about engaging more women as advisors, there’s a lot more work to be done. Not only are there serious misconceptions and barriers still in place, a new study by the CFP Board reports less than a...
