Industry

U.S. regulator began examining fees 18 months ago, final analysis by year's end

Nicholas Schorsch, executive chairman of RCS Capital (RCAP), made his initial foray into the independent broker/dealer space with his purchase of First Allied Securities and The Legend Group, with 1,500 advisors. But since then, Schorsch has been...

The number of women in financial services is growing, but banks are leading the way. According to data provided by Cerulli Associates, women now represent 11.5 percent of all financial advisors, up from the 7.9 percent the firm reported in 2012. ...

Former chair of Trusts & Estates editorial board passed away on Aug. 11

Almost 100,000 brokers – or about one-third of the industry – are expected to reach retirement age over the next ten years

There’s a 58 percent chance that financial advisors will be “bot-sourced,” that their jobs will be replaced by a robot or computer, according to a recent Oxford study...

Recent financial planning graduates of CFP-Board registered programs can now refer to themselves as “CFP candidates,” a rule change aimed at boosting completion levels of the designation among young advisors entering the industry. ...

More schools are offering degrees in financial planning, but getting students on board is still an issue.

Industry coaches are always stressing the power of referrals. And true, passive referrals from existing clients was the top marketing method for attracting new clients in 2013, according to WealthManagement.com’s AdvisorBenchmarking RIA...