A quarter of households aged 50-59 are "advice opportunity" households, a new study by Cerulli Associates shows.
Teams need strong leaders to succeed. Are you one?
Looking to move? Here's how you can get everything you think you're worth.
When women become more successful in the workforce, only good things happen, says Sallie Krawcheck, the new owner of international womens networking organization 85 Broads. She speaks with On Wall Street about how wirehouses could improve their bottom line by creating a more gender-equal environment, and suggests they model themselves after private banks.
WATCH: Sallie Krawcheck on the State of Wealth Management
Banks and credit unions are rewarding their advisors with higher payouts for fee-based business, ranging from 40% to 50%.
Stacy Francis of Francis Financial speaks about how she cultivates relationships with divorce attorneys to expand her divorce financial planning practice.
Amy Salo, a musician and real estate agent turned financial planner at Wealth Advisory Group, an agency in the Guardian Life Insurance Company of America network, speaks about how to the financial planning industry should create a more diverse industry.
Neesha Hathi, head of advisor technology for Schwab Advisor Services, speaks about top tech trends among advisors, namely moving to the cloud, the use of mobile devices, how to select the best tech products to fit a firm's needs, and the ways in which RIAs can utilize technology to create a work/life balance.
With Congress showing no sign of consensus, the government shutdown is instilling fear and unease among those from Main Street to Wall Street. Financial advisors are no exception. Heres how advisors and industry experts are reacting to the fiscal standoff.
Two veteran founders of well-heeled financial planning firmsRichard Richie Lee of Lee Financial in Dallas, Texas and Michael Leonetti of Leonetti & Associates in Buffalo Grove, Ill.readily confess that luck as much as deliberate strategy has contributed to their firms success.
Planners have readily adapted to the changing needs of their clients since the recession. Yet they need to engage clients in even more personal, meaningful conversations.
Culture clash between merging firms can mean the end of even a well-planned deal.
When interviewing, hiring, and onboarding recent college graduates, financial planning firm leaders should plan to ask tough and innovative questions, listen extensively, and spend much more time and energy offering the new employees honest compliments rather than just criticizing them.
The American College of Financial Services has launched Analyst Success.com, an Internet-based preparatory program for the CFA exam that includes self-guided and instructor-led packages.
The RIA channel is set to be a source of headcount growth, while the wirehouses and broker-dealer channels are expected to be the biggest losers, according to Cerulli Associates most recent study -- but theres a silver lining for RIAs.
The financial crisis cost the typical U.S. family up to $120,000, according to a new Fed study, but for financial advisor Paul Saganey, 2008 was one of his best years ever. He explains why.
The Financial Services Institute launched an online social community on Tuesday modeled in part on LinkedIn and aimed at allowing advisors to network and connect privately.
Advisor Jason Katz of UBS Wealth Management shares how he is navigating the rebounding market environment and how his practice has evolved as a result of hard lessons learned during the financial meltdown of 2008.
The demographics mean your book is worth a lot right now. But the tides are about to turn.
Are you trying to achieve something, or just trying not to fail?
Increasing emphasis on client satisfaction may be changing the way wealth managers get paid and how they are evaluated, spurred largely by anticipated regulatory pressures, says Steve Crosby, head of PwC's global private banking and wealth management practice in the Americas.
Related article: What the Rich Need Now
In an effort to help attract a new generation of financial advisors, TD Ameritrade has awarded $50,000 in scholarships to 10 financial planning undergraduate students from around the country. Scholarship winner Kelsey Brooks, a college senior at the University of Georgia, says that the industry must do a better job of incorporating technology and face-to-face interaction, and must work hard to earn back trust and loyalty, which was hurt following the financial crisis. (The Museum of American Finance, New York City, August 21).
Clients may be holding back simply because they dont want to hear your answer¬how are you supposed to deal with that?
More than two-thirds of all students who graduate from a higher-education program that grants a degree or certificate in financial planning do not sit for the Certified Financial Planner Board of Standards exam, according to new research from the CFP Board.
The organization is planning a new, broadly accessible online program now being developed in partnership with the University of Illinois.
The complexities of caring for cognitively impaired clients mean advisors need to learn new skill sets to specialize in serving elderly clients or build up a robust network of professionals to help.
TowneBank bought a minority stake in a security firm to help protect its commercial customers and boost revenue.
With all the potential career choices available, is being a financial advisor a good way to go? Attendees at a recent conference say "absolutely."
William F. Austin founded the Starkey Hearing Foundation in 1984 with the premise: Alone we cant do much, but together we can change the world. Although hearing loss affects 63 million children worldwide, many do not have access to hearing devices. Starkey Hearing Foundation fits and gives more than 100,000 hearing aids annually, and as a member of President Clinton's Global Initiative, it has pledged to fit one million hearing aids this decade. Heres how one advisor encourages philanthropic efforts of his clients by being a philanthropist himself.
Read More: How One Advisor Helps Clients Give Back
Our legal expert discusses how to deal with FINRA investigation.
Verizon Communications Inc. (VZ) won dismissal of a lawsuit filed by pension plan beneficiaries challenging the companys decision to shed $7.4 billion in obligations by buying a single-premium group annuity.
Some hedge-fund managers recently came under pressure from the American Federation of Teachers to quit the boards of certain organizations, such as Students First and the Manhattan Institute for Policy Research, that favor the elimination of public-sector defined-benefit pension plans.
The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones.
How will clients react if their advisors' transition pay becomes public information?
Steve Felchle and Jason Ernst, formerly with Wells Fargo, bring the total number of financial advisors at USBI to 532, up from 480 in July 2008.
From athletes who abuse illegal substances in order to win to business executives who lie on financial statements to boost profitability, examples of cheating are all around.
As women increasingly find themselves as the heads of households, advisors find retaining and expanding their female client base is imperative.
Asset managers have taken notice of the the proliferation of alternative mutual funds in the retail and institutional channels and have changed their game plan accordingly.
Investors working with financial advisors were more confident and prepared than their unassisted peers both during and after the financial crisis, according to a new study from Fidelity Investments.
Younger advisors are outpacing their elder peers in attracting AUM, according to a Fidelity study that surprised even its authors.
Investors have major trust issues with their advisors.
When production stalls, advisors need to either get going or move on.
NAPFA's Genesis group, for fee-only advisors 33 and younger, this week launched a set of scholarships to help younger advisors develop their professional skills.
With the possibility FINRA will adopt new rules on compensation disclosure, advisors contemplating a move in the next three years may want to make it now.
Advisors may be able to erase mark against them from disputes in which they were not directly named.
It's an advisor's market, as firms with diverse practice models strive to nab top talent.
What are the traits of successful advisors and what do they do in their practices to set them apart? Michael Silver of Focus Partners offers insight into the way top advisors think about and market their practices. See more practice management tips in 30 Days 30 Ways to a Better Practice