Wealth Management industry news covering the financial markets, trends and wealth professionals.
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The Internal Revenue Service’s latest amnesty offer for Americans with undeclared income from offshore accounts should serve as a reminder to wealth managers that some of their clients may owe money to the IRS and not realize it.
It’s getting easier for clients with pre-existing medical conditions to get life insurance coverage today. Even those with cancer, heart disease and diabetes can qualify for “impaired risk,” or substandard-rated coverage. That&...
Claims that fundamental indexes would outperform have so far been true. But is there enough data to build client portfolios around fundamental indexes?
Deborah McWhinney, who led a controversial restructuring among Citigroup’s bank brokers, is moving into a non-advisor role at the global financial giant. McWhinney, president of personal banking and wealth management, will take over a newly...
Last month, both UBS Wealth Management and Morgan Stanley Smith Barney unveiled changes in their compensation structures that have branch managers at both firms—many of whom are already disenchanted with the mounting demands and diminished job...
Liquidity may be more of a return predictor than you think, according to Roger Ibbotson, chairman and chief investment officer of Zebra Capital Management. During a presentation at IMCA’s New York Consultants Conference this week, Ibbotson...
Three out of four wealthy women are looking or thinking of looking for a better financial advisor, said Susan Hirshman, a former advisor and author, who spoke at the Investment Management Consultants Association’s conference in New York Monday.
Relationships with clients and the experience clients have with financial advisors and their companies have, of course, always been critical to success in wealth management. But since the financial crisis, firms have been ramping up their focus on...
LPL Financial, independent broker/dealer powerhouse, has not been recruiting as many financial advisors as it would like. So said Chief Executive Mark Casady on a conference call with analysts Tuesday to discuss the firm’s earnings report...
