Were Focusing on Baby Boomers Retirement Pat OConnell, EVP of Ameriprise Advisor Group, says the firms goal is to structure the portfolios of its baby boomer clients to last thirty years or longer in retirement.
Top Portfolio Mistakes Advisors Make Advisors are people, too, and they make investing mistakes like everyone else. Here are the most common ones they make, according to advisor and Financial Planning contributing writer Allan Roth.
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Are smaller firms getting squeezed by competition and consolidation or are new technologies and resources changing the game? Peter McGratty of Pinnacle Advisor Solutions sees opportunities ahead for small RIAs.
“When women become more successful in the workforce, only good things happen,” says Sallie Krawcheck, the new owner of international women’s 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.
Despite all the talk of economic recovery, turmoil is still apparent in the financial services sector, including the parent companies of brokerage firms. With many of the biggest changes now past us-complete with merged companies being integrated and new executives taking up their posts-the new landscape is just beginning to emerge. And everyone is still adjusting.
Though the biggest brokerage firms are sporting new management, the landscape seems eerily the same since it's been more like musical chairs rather than wholesale change. Still, it will make for interesting theater as 2010 gets underway.
Clearly, some players are up while others are down. And as the firms in this industry make their way back from the economic abyss of the past year or so, uncertainty is still a factor for financial advisors.
Packages get lowered. Brokers get hired. Markets have tanked. Retention offers are shrinking. And yet, according to the experts in our 10th Annual Recruiters Roundtable, there are still opportunities, if you know where to look.
Much has changed since trading markets multiplied more than 100 years ago. At one point there were as many as 1,600 exchanges. Today there are only six. The landscape of regional brokerage firms has taken a similar path.