RIA holding companies are opening their arms to welcome wirehouse advisors. Not just garden variety reps, but the cream of the crop: those who have significant assets under management and heavily fee-based books.
It's good to own (or work for) a registered investment advisory (RIA) these days. As you may have heard, the CDO debacle is helping RIAs to steal Wall Street firms' clients and their assets. Two-thirds of the 200 RIAs recently surveyed by...
In September and October, Houston-based financial advisor Mike Robertson was getting 60 calls a day from panicked clients. On Long Island, New York, about 5 percent of Mark Snyder's clients hit the phones. They're saying, What's happening? says...
Faced with gyrating markets, many retirees worry about exhausting their savings. To calm nerves, some clients may insist on reducing their spending. But if withdrawal plans have been carefully designed, advisors have little reason to make major...
Where are we now? Good question. It's a global rout, with worldwide governments pumping $3 trillion of rescue capital into the financial system. Will it work? We wanted to quantify the situation with a view to divining how much remaining exposure...
This is the time of year when you should not only be considering your clients' charitable intentions, but also what you may be able to fork over to your favorite organization. Then again, if your recent paychecks are closely correlating with the...
All eyes are on the stock market's gyrations and its impact on retirement plans. Bear markets are a vexing problem for retirees, of course, but that's not the real issue. The coming retirement crisis is worse than a simple bear market cycle. Just...
