The firm entered the bank broker business four years ago when it bought Investment Professionals Inc.
The wirehouse is tweaking how it calculates advisers' payouts.
An annual levy on the unrealized capital gains of ultra-wealthy people 'is a slippery slope' that could draw in millionaires and more, one adviser said.
Getting a designation in a topic doesn’t make you an expert; advisers must continue to learn about their niche, says Chris Chen, who specializes in working with women going through a divorce.
The bill would increase the average benefit by 2% and impose the payroll tax on wages above $400,000.
As companies work with retirement plan participants, it’s helpful to tap data that can show what types of ancillary products participants want and which products they’ve already purchased, says MML’s Shawn Daly.
The Labor Department is giving the financial industry the additional breathing room it had sought to prepare for the new regulation.
About 3 million people retired earlier than they likely had planned as a result of the Covid environment, according to a report by a senior economist at the Federal Reserve Bank of St. Louis.
Meanwhile, the investment bank announced plans to launch a digital wealth manager in the U.S. next year targeting affluent clientele.
James Gorman of Morgan Stanley and Charlie Scharf of Wells Fargo both took time during their earnings conference calls to share some thoughts about their RIA competitors.
Carson Group is the latest to sign up for the three-year-old service that lets advisers allocate assets in held-away accounts like 401(k)s. It is compliance-friendly and secure, the firm says.
Private-sector employers that don't offer a retirement plan are now required to enroll workers in the state's program.
Proposed IRA legislation would ban after-tax back-door Roth conversions, stop pre-tax Roth conversions above a certain income level, and mandate that private securities come out of IRAs – all provisions that could affect many clients, Ed Slott says. Read More
A Schroders survey of global investors shows American investors are most interested in seeing a positive performance from their ESG investments. Read More
The Department of Labor recently released its long-expected proposal detailing the use of ESG funds and methods in 401(k) retirement plans. Emile Hallez discusses what this means for ESG and for retirement plans. We also speak with Careen Abb, SDG and Impact program lead for the U.N. Environment Program Financial Initiative. Read More
In this episode, Christine speaks with Penny Pennington, managing partner at Edward Jones, about how women can thrive, not just survive, in their careers. Penny shares her personal journey and keys to success as one of the most influential women in financial services. Read More
Advisers setting up a niche practice should not only be expert in their topic, but be sure to demonstrate their knowledge, whether that’s by blogging or doing seminars or podcasts, says David Foster of Gateway Wealth Management in St. Louis. Read More
Removing customer disputes from brokers’ records should be an ‘extraordinary remedy,’ but the expungement rule no longer works and people are finding ways to get information removed, says new NASAA president Melanie Senter Lubin. Read More
Enhancing Your Clients’ Retirement Wealth and Wellbeing InvestmentNews’ Retirement Income Summit has been serving our community for 15 years! Each year we bring together the retirement planning industry to provide an innovative forum with timely and relevant content and networking opportunities where attendees can gain knowledge on the latest trends in retirement income solutions, products and personalized investment advice to help their clients and grow their business.
Multi-generational Clients and Services Baby boomers have been financial advisers’ core client base for years, but a practice needs new blood to continue to grow. Considering that Gen X and Millennials will control 47% of wealth in the United States by 2030, advisers are under increasing pressure to onboard younger clients, as well as hire new talent that understands the needs of the next wave of investors.
New York City Improving Your Bottom Line through Returns, Retention, and Referrals InvestmentNews Women Adviser Summit was launched in 2015 because we felt there was a need to offer a forum designed for women, by women, and about women in financial advice. For 6+ years, our summits have been focused on you -female financial advisers – and your concerns as you continue to grow your business. Our speakers and sessions are focused on offering updates on the industry trends and practice management advice to grow your business and increase your bottom line.
As clients enjoy seamless experiences with Netflix and Amazon apps, how can advisory firms keep up with the growing expectations for superior tech?
Join host InvestmentNews for an interactive discussion of the 2021 Adviser Benchmarking Studies with BNY Mellon | Pershing’s Christina Townsend and Lisa Crafford, and Ensemble Practice’s Brandon Odell. We will explore key findings and hot topics from both of the 2021 studies, including Compensation and Staffing and Pricing and Profitability.
