“There will be massive defections of clients and advisers,” said Liz Nesvold, managing partner of Silver Lane Advisors LLC of New York. “The wirehouse model, which was damaged, is now broken.”
Unless you position your value as a retirement rollover resource for your top clients now, you risk losing out on the significant assets these clients hold away from you.
Debit card loan programs recently have been the focus of criticism in Washington.
While financial advisers provide far from the most popular content on YouTube, they are there.
Companies involved in the operation of toll roads, airports and seaports represent a new asset class, according to some industry experts.
Wayne Christian figured the registered representatives of Center, a small town in eastern Texas, could use a business boost. He also thought its pension funds and endowments, which fund scholarships, needed some new investment options.
Clearly, some mutual fund managers saw the writing on the wall.
LPL Financial has agreed to pay a $275,000 penalty for violating customers' privacy, the Securities and Exchange Commission said Thursday.
The chief executive of a subprime lender who lost a $65 million lawsuit against Merrill Lynch & Co. Inc. is demanding another bite at the apple.
As the market pushed Lehman Brothers Holdings Inc. into a fire sale last week, some financial advisers and registered representatives said they were sticking with Lehman's storied investment management division, Neuberger Berman, at least for now.
