In 2011, the number of high-net-worth individuals (HNWIs) increased but the pool of wealth declined, which was primarily driven by a loss of wealth for ultra-high-net-worth investors, the latest World Wealth Report says.
Few financial advisors counsel their small business owner clients on insurance, but they should. Insurance funded by buy-sell agreements is essential for most of these clients.
While actively managed stock funds bled more than $172.3 billion over the last year, one category of actively managed equity funds is bucking the trend.
A year after Advent Software bought out rival upstart Black Diamond Reporting Software, the latter is seeing brisk growth for its portfolio management products.
As firm-switching among brokers rose to record levels over the past four years, the number of signatories exploded, growing almost 40 fold. Many of the new signatories are RIAs.