Practice

Updated Saturday, May 25, 2013 as of 10:50 PM ET

Practice

When should your wealthiest clients open a family office?

Ultrahigh-net-worth families are asking advisors the question with increasing frequency, say industry executives, who point to generational shifts and new liquidity events as primary catalysts for the heightened scrutiny. more »

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Webster Private Bank Names Chief Investment Strategist

Yves Cochez will manage the bank’s portfolio management team and set the overall direction of investment management for high-net-worth clients. more »

Umpqua Private Bank Targets Business Owners and Gen X Investors in Seattle

Elise Fortin, Umpqua Private Bank’s newly appointed leader in Seattle, believes that Umpqua’s “high-touch” offerings will resonate well with business owners and Gen X investors. more »

HSA Assets Continue to Surge

Fidelity reported a 53% increase in health savings accounts opened in 2012, raising the number of individual accounts administered by the company to 182,000. more »

U.S. Bank’s Brokerage Unit Adds Two Advisors in Bismarck, N.D.

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. more »

ETFs Now Can Be Placed in Retirement Plans

MidAtlantic Trust Company said it had resolved record-keeping problems that have kept exchange-traded funds from being part of holdings in 401(k) and other retirement plans. more »

How to Attract Wealthy Clients

Advisors who expect their clients’ wealth will grow over the years, and help them to build their practices along the way, are likely to end up disappointed, according to a new statistical analysis of data from 7 million clients representing $3.5 trillion in invested assets. more »

Hiring an Advisor? Woo the Spouse, Study Finds

Firms looking to recruit hesitant advisors need to start wooing their families, a new Fidelity survey suggests. more »

Keep Wal-Mart Out of Some Financial Services, Bankers Asked Fed

A group of bankers advising the Federal Reserve urged U.S. regulators to consider preventing Wal-Mart Stores Inc. from offering some financial services. more »

White Says SEC Settlements Without Guilt Admissions Under Review

The U.S. Securities and Exchange Commission is reviewing its practice of settling cases without requiring defendants to admit guilt, the agency’s chairman said today in congressional testimon more »

Dodd-Frank Hurts Small Banks Too, AEI Paper Warns

The Dodd-Frank Act, which was designed to target the largest institutions, will end up hurting community banks, according to a paper released Tuesday by the conservative American Enterprise Institute. more »

2 Depart Raymond James for Stifel, LPL

Two former branch managers at Raymond James have moved to Stifel and LPL in Austin, Texas. more »

Savant Launches Online Portal, But Traditional Channels Remain Critical

The platform, eSavant Advisor, which was introduced Monday, caters to clients with at least $50,000 in investable assets. more »

Morgan Stanley Nabs 2 Advisors

The new hires join the firm in Jackson, Tenn., and Mount Kisco, N.Y. more »

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