Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Financial advisors, beware. If you transfer assets belonging to a number of your clients without their authorization—even if you’ve done so in anticipation of a downturn in the market—your next stop won’t necessarily be an arbitrator’s table. It...
The brokerage industry is an increasingly difficult job market to break into, and an even harder one to stay around in. But for those who succeed, it continues to provide a pretty nice living, according to the SIA’s 2005 Production and...
Financial advisors are missing the mark when it comes to high-net-worth clients nearing retirement—at least those are the findings of The Phoenix Companies’ recently released seventh annual Wealth Survey.
Merrill’s global private client group (GPC) registered a pretax earnings increase of 53 percent, to $701 million, in the second quarter ending June 30, up from $457 million in the same period in 2005.
If you are a rep who works for Citigroup or Morgan Stanley, you might be annoyed to see your company’s name in the papers for running afoul of the new conflicts of interest and research.
A recent decision by the Indiana Supreme Court reminds practioners of the difficulty plaintiffs can face trying to prove undue influence in a will change. In Lasater v. House, 841 N.E.2d 553, the court excluded as hearsay numerous statements made...
Financial advisors need to take better care of their clients, because if they do, their clients will take care of them. And if they don’t, well, they stand the chance of losing a good chunk of their business.