Q: I joined a regional bank brokerage firm three years ago. When I hired on, I was asked to sign a nonsolicitation agreement. Eleven months later, at a cocktail party no less, I was asked to sign a revised version of the nonsolicitation, which...
There are few more surefire ways to activate the d nerves in your brain than running into the person who replaced you at an old job. That precisely was the situation I found myself in a month or two back, and the encounter validated both my...
If you think too many baby boomers are blissfully ignorant of their own financial future, just turn your attention to Washington, D.C. Peter G. Peterson, author of Gray Dawn: How the Coming Age Wave Will Transform America and the World and Running...
In his influential book, Pioneering Portfolio Management, Yale University's chief investment officer, David Swenson, makes the case for illiquidity. Swenson notes that on Oct. 19, 1987, the day the stock market dropped by more than 22 percent, a...
An A.G. Edwards broker recently found himself in the midst of a competitive conversation of the sort that is likely to become more common among high-net-worth advisors. The exchange began when the rep took a call from an advisor at a rival firm a...
More clients are purchasing vacation homes a trend which can translate into more work, but also more opportunity, for full-service advisors. According to the National Association of Realtors, last year saw 445,000 purchases of second homes in the...
Money Hut The Financial Planning Association has set up a kiosk for dispensing free financial advice to seniors in a Thousand Oaks, Calif., mall. The goal: building trust between advisors and older investors. It is not known whether the FPA will...
With the securities firms forever searching for edgy products, it should come as little surprise that exchange-traded-fund (ETF) wrap accounts are growing in popularity. ETF wraps, which are less expensive than mutual funds, are seen by many as a...
Investor misfortune is a good thing at least for financial advisors trolling for new clients. The industry now sits on the cusp of perhaps the best illustration of that statement, as the mythical $41 trillion wealth transfer to baby boomers from...
The fabled, massive wealth transfer the Holy Grail of the financial services industry. Back when economists were simply talking about what the WWII generation would pass on to its baby boomer children, they estimated that $10 trillion would change...
