In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Fort Lauderdale: “We’re considering integrating social media into our marketing plan,” Joseph started out saying. Then he backtracked—“Yet, all we hear about it is what we can’t do from a compliance perspective. What is the benefit of even getting...
The March 15 nomination deadline for the 31st annual “Rep.’s Altruism Awards: Advisors With Heart” (formerly the Outstanding Advisor Awards) is fast approaching. Each May Registered Rep. honors 10 veteran financial advisors who...
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...
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...
UBS Wealth Management Americas added client assets and (a handful of) advisors in the fourth quarter, cushioning the blow from steep legal costs that resulted in a pre-tax loss of $34.6 million. That is a slight improvement from a loss of $49...
LPL reported higher revenue and adjusted profit numbers for the fourth quarter Monday, as the acquisition of an advisor network boosted assets and advisors at the firm. LPL is the parent company for LPL Financial, the country’s largest...
Storms blew across America. But in the balmy climes of San Diego, FAs were upbeat and partied down (ahem, studied and worked) at the TD Ameritrade annual conference.
