National Debt is No. 1 Worry For Wealthy, Good Focus For Client Conversations
National Debt is No. 1 Worry For Wealthy, Good Focus For Client Conversations
May 09, 2011
The economic threat from unsustainable U.S. national debt—over $14 trillion and counting—is the No.1 concern today for many of the nation's wealthiest families and individuals, according to a new report slated to be released later...
RJFS’s Averitt: Tax Hikes Must Be Part of U.S. Deficit Solution
May 05, 2011
Broker/dealer executives who speak at their national conventions often aim for a tone that rallies the troops, and the Raymond James Financial Services conference in Las Vegas this week followed the pattern—with one surprising exception...
Dropping Out of the Tech Arms Race
Dropping Out of the Tech Arms Race
May 05, 2011
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Build Trust, Win Affluent Clients, Become a Rainmaker
May 05, 2011
Dallas: “What does your research say is the #1 reason for an affluent prospect to select one financial advisor over another?” asked Tony during the Q & A session following my keynote. This is a question that every advisor wants...
Edward Jones Aims to Quadruple Veteran Hires
May 04, 2011
Edward Jones is changing tack a little bit. Long known as a firm that trains greenhorns and career changers from the ground up and then holds onto them (mostly) for life, the firm is getting serious about recruiting experienced financial advisors.
Complex Assets Find a Place in HNW Donor Strategies
May 04, 2011
Affluent households with philanthropic inclinations are giving more than just cash these days. Officials at the two top donor advised funds in the United States, at Fidelity Investments and Schwab Charitable, say that complex assets are making...
When Advisors Become Minders
When Advisors Become Minders
May 04, 2011
The gentleman was in his mid-70s. A successful businessman, now retired, he had always played the odds, so naturally he thought he would die before his wife. He was wrong. His wife died first, and the businessman went to pieces. He became...
Now for the Hard Part: After Splashy Debut, Dynasty Tries to Woo Wealth Managers
May 04, 2011
After launching with a big splash in December, Dynasty Financial Partners is now trying to make good on its initial promise to emerge as the preferred service provider for independent wealth managers catering to clients with over $5 million in...
Rising From the Ashes
Rising From the Ashes
May 03, 2011
In 2003, the mutual fund industry got slammed when the Securities and Exchange Commission started investigating the market timing and late-day trading activities of several fund families, including Putnam Investments, Janus Capital Group, Invesco...
Top LPL Advisor Leaves to Start His Own B/D, Eyes Acquisitions
Top LPL Advisor Leaves to Start His Own B/D, Eyes Acquisitions
May 02, 2011
Registered Rep.’s top-rated 2010 independent broker/dealer advisor Ron Carson has announced plans to leave LPL Financial (Nasdaq: LPLA) to become an independent registered investment advisor in July and start his own broker/dealer later this...
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