Recent Stories From This Author
Wealthfront can become the "leader in a new emerging market" if it focuses on millennials the way Charles Schwab zeroed in on Baby Boomers, says CEO Adam Nash.
Only about 20% of the mass affluent market have a financial advisor, notes FutureAdvisor CEO Bo Lu, compared with around 60% of individuals with more than $1 million in investable assets.
'This is a boom time for these markets,' says Adrian Flambard, deVere's area manager in San Francisco.
Rather than fighting off digital competition, RIAs should bet on Betterment's "robo advisor" technology, says industry veteran Steve Lockshin.
The industry is losing about 3,000 to 4,000 advisors annually who aren’t being replaced, says Pershing CEO Mark Tibergien.
“There’s a very low supply of advisory firms with more than $1 billion in assets under management,” says Echelon CEO Dan Seivert.
Thanks to a continued economic recovery, strong equity market performance, rising real estate values and record domestic oil production, wealth growth rates in the U.S. strongly outpaced global averages.
"We want to focus on what advisors can do to prepare for the next generation or two," says NAPFA chair Robert Gerstemeier.
Less than 1% of young people say they want financial services providers to contact them through social media, according to new research by BNY Mellon.
While Envestnet is a leader in turnkey platform services for advisors, observers say the company still faces a host of challenges and needs someone whom RIAs can relate to in the trenches.
The deal with Joseph Capital Management gives Modera a Florida presence plus tax and technology expertise.
One year later, Forbes' growth plans have been stymied by a difficult market for acquiring firms.
Discounted cash flow is the most important valuation method financial advisors can use, according to strategic consultant David DeVoe.
Scottrade is making a big bet that there is room in the booming RIA custodial market for another major player to compete against Charles Schwab, Fidelity, TD Ameritrade and Pershing.
Scarlett (Yuanyuan) Che, Rianka Dorsainvil and Phuong Luong will be honored for "working to encourage diversity in the financial planning profession and the population served."
David Lau, the longtime COO at Jefferson National Life Insurance -- which specializes in Monument Advisor, a flat-fee variable annuity sold to RIAs and fee-based advisors -- has left the company.
A paper that Hopewell published introduced stochastic modeling -- including the use of Monte Carlo simulations -- to the profession for the first time.
Michelle Smith explains the advantage of specializing in divorce planning.
Commonwealth's smaller size, private ownership and ability to provide scale for its nearly 1,500 advisors proved a better fit for the California hybrid firm.
RCS Capital, is acquiring another midsize independent broker-dealer, San Diego-based Girard Securities.