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Many of the Top 40 Advisors Under 40 can trace their success back to an early start. But it would be tough to beat Levi Nagel, who discovered his passion for investing when he started trading commodities in his father's brokerage account at the age of eight.
Sean Yu's career epitomizes the level of persistence and resilience required of young financial advisors.
Advisors need to coax their clients to start a dialogue now.
Shifting his skill set allowed Pastolove to provide services like philanthropic work, high-end accounting, tax, trust and estate work. As a result, his practice "became much more focused on clients, their families and their businesses," he says.
All young advisors can relate to the difficulties of starting out, but what separates top advisors is that they have been able to overcome the second major challenge to their career, the plateau, says this year's #1 top advisor under 40.
Morgan Stanley said ex-broker Wilhelm Nash left before earning out bonus.
A new advisory firm plans to build its business by buying the practices of retiring advisors.
Planned changes to the advisors’ compensation include an increase in the production hurdles on its cash grid.
The firm plans to reward advisors who team up to focus on goals-based planning.
The firm sweetened awards for financial planning and increased pressure on its lowest producers.
Assets have nearly doubled for direct-investing platforms, but wirehouses still reign.
The regulator may make it harder for some brokers to clear their name.
Dennis Concilla, expert on the Protocol for Broker Recruiting and an attorney with Carlile Patchen & Murphy, discusses Protocol's origins, the possibility of an update, and its impact.
Senior financial services executives said the industry needed to move more quickly to promote diversity and inclusion throughout the organization.
Advisors must jumpstart the conversation or retirement planning could suffer, say executives at Bank of America Merrill Lynch.
A group of former Morgan Stanley directors is hoping their new start-up will let them capitalize on the industry’s aging demographics.
The firm alleged a former broker breached the terms of his contract when he left the firm just over two years in.
Firms should reach out to clients early to pre-empt potential downturn in their portfolios, FINRA said.
Deciding whether to impose a uniform fiduciary standard for brokers and investment advisors was a “high priority” for the SEC, but there is no timeframe for a rule, Commission Chair Mary Jo White said.
The answer rests not with the firms but with advisors themselves, says James Kerr, president of Davidson Companies.