Lisa Shidler
For advisers, having too few clients can be a dire situation
For the first time in years, Judith Bedell and Mike Frazier got to call the shots when they negotiated a new lease for their advisory business in Walnut Creek, Calif.
Despite the gloomy economic picture there's a positive outlook for ETFs, said Dan Farley, managing director of State Street Global Advisors
On Tuesday, financial advisers who made exceptional charitable contributions to local communities were honored by 650 executives at the Fourth annual Community Leadership Awards.
It may ruin a friendship. It may smack of snobbery. It'll probably come across as cruel, insensitive and heartless. But advisers who truly want to build their practices need to dump many of their small clients.
Having been burned by the market more than once, investors now seem to be twice as shy about handing over their hard-earned money to a new financial adviser.
For many advisers, politics ranks right up there with sex and religion as a topic to avoid when talking with clients.
Just like some home sellers who resort to a fresh coat of paint to enhance their home's “curb appeal,” financial advisers can take steps to help their practices sell faster and for a higher price.
When it comes to dealing with wholesalers, financial advisers prefer phone or online conversations over face-to-face meetings.
Actor Randy Quaid filed a lawsuit against his “trusted advisers” last week, alleging that they defrauded him out of millions of dollars over a 20-year period.
