As US Wealth Slows, Advisors Will Have to Steal Share to Survive

Jun 07, 2016

Private wealth in North America grew a measly 2 percent to $60 trillion in 2015, down from a growth rate of 6 percent in 2014, according to Boston Consulting Group’s Global Wealth 2016: Navigating the New Client Landscape report. One reason for t...

Wealth Management Industry Getting Better for Females

Jun 07, 2016

It's getting better. | shironosov/iStock/Thinkstock The wealth management industry is increasingly hospitable to women, and more females are finding jobs in the profession. According to a Cerulli study cited by Barron’s, 28 percent of rookie a...

The Odds of a Recession

Jun 06, 2016

The chances of entering another recession within the next year has increased, according to J.P. Morgan economists. The chances of the U.S. slipping into a recession within the next 12 months stands at 36 percent, up from 34 percent last week ...

Where Will You Be in a Post-DOL World?

Jun 06, 2016

While advisors may have dodged a bullet with a Department of Labor fiduciary rule that was less onerous than expected, it is not a non-event. Since its release in early April, senior leaders at major brokerage firms have been knee-deep in the...

Businesses Fight for Their Right to a Lousy Retirement Plan

Jun 03, 2016

(Bloomberg) -- If you work at a small business, this Bloomberg data visualization may be hard to look at. It lets you compare your retirement plan with those offered by the largest companies in the U.S. And while America's biggest...

DOL Lawsuit Goes Shopping for a Forum

Jun 02, 2016

Some financial industry heavyweights are on a forum-shopping trip to try and block the Department of Labor’s controversial fiduciary rule...

E*Trade Fined $900,000 for Mishandling Its Clients’ Orders

Jun 02, 2016

(Bloomberg) -- An E*Trade Financial Corp. division was fined $900,000 for not doing enough to ensure customers’ trades were handled well...

Lawsuit Argues DOL Overstepped With Fiduciary Rule

Jun 02, 2016

A group of nine plaintiffs, including the U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute, filed a lawsuit challenging the Department of Labor’s fiduciary rule...

Women to Get Help Through CFP Certification Process

Jun 02, 2016

The financial planning industry remains stubbornly lopsided when it comes to gender diversity (men by far outnumber women) despite heroic efforts by many stakeholders in recent years to balance the scales. ...

Supermarkets, Fast Food Chains Offer Better Customer Experience

Jun 01, 2016

Where shopping is a pleasure. The investment industry could take a page from supermarkets and fast food chains when it comes to their customer experience. Supermarkets and fast food chains were rated the top two industries for customer experie...