Rachel F. Elson is editor-in-chief of Financial Planning, and a longtime business and financial journalist. Prior roles included managing editor at Inc.com and CBS MoneyWatch.com; she was also an editor on MSN Money's pioneering multimedia journalism team, which won back-to-back Gerald Loeb awards.
She's a persistent runner, a compulsive traveler and a committed urbanite; she lives in Brooklyn.
For advisors whose clients want some of their assets in real property, the current rebound creates both opportunities and challenges. Want to understand these clients a little better? A recent survey took a deep look at investment real estate buyers and identified several characteristics that set them apart.
As the end of tax season drew near, clients boosted participation in retirement plans, but their appetite for risk dropped sharply. Those are among the main takeaways from April’s Retirement Advisor Confidence Index — Financial Planning’s monthly barometer of business conditions for wealth managers. The index slipped 1.1 points for the month to 53.6 after increasing the previous month. …
About a quarter of fee-only advisory firms we surveyed in February said they had changed their fee structure in the past year (as did 20% of all independent firms). So what did they do? We combed through respondents' individual comments to identify several of the changes firms have made.
The pace of RIA dealmaking has leveled off over the last few years, with no increase in the number of deals over the previous year and aggregate AUM acquired ticking up only slightly to $47.4B from $43.7B, according to new data from Schwab Advisor Services.