Advisers thinking of making a move should evaluate firms on what they're doing and what they've done, not on how big or small they are.
Sludge is like an anti-nudge: Rather than removing friction to make a choice simpler, sludge adds friction or complexity to the customer journey for the purpose of entrapping or upselling consumers.
We can learn from the last year and look back on it as a catalyst to achieve long-term, sustainable and far-reaching positive change.
The advertisement is just the latest ploy in an industry war over the throngs of retail investors flocking to digital wealth platforms. The new account openings will certainly have repercussions.
More and more of the industry's clients are women, and the share of global wealth controlled by women is increasing.
The SEC and other regulators want to keep firms and advisers on their toes — and toeing the line.
In the final part of a three-part series, the authors examine planning's role in the changing preferences of next-generation clients.
“Mega teams” with the scale to grow, greater diversity, sophisticated tools and the flexibility to adapt to any environment will lead the way.
We’ve gone from $2 billion to over $10 billion in AUM in four years because we’ve consistently adhered to three broad principles: Everything must be repeatable, measurable and scalable.
In the second of a three-part series, the authors examine the importance of asset allocation in the changing preferences of next-gen clients.
The first of a three-part series breaks down important preferences of next-gen clients as wealth managers manage the transfer of wealth.
All the old roadblocks to advisory firms making meaningful use of social media are gone.
Clients come in with a problem that is actually a bundle of issues, only partly financial, that they haven’t been able to sort through to make progress toward resolution.
Firms scrambling to enhance their policies and procedures should focus on the three most common weaknesses — device security, software vulnerabilities and data privacy.
As an adviser, you've spent countless hours advising clients on how to prepare for retirement from a psychological perspective. Now it's time to think about that topic yourself.
The first year of a client relationship is a window of opportunity to create strong first impressions, and email automation can help with this.
The events of the past year have set in motion several factors that have contributed to a surge of pent-up interest in breaking away.
Firm leaders understand the cybersecurity threat is real. But have broker-dealers taken appropriate precautions to protect advisers and their clients?
Advisers should focus on reducing client attrition and adding more new clients, and make certain they're charging a fee in line with the market.
The more fee-based business you do, the more imperative it is to focus on current clients and your ability to hold onto them.
