Considering that the age of the typical financial adviser is between 52 and 60, it is safe to assume that a tidal wave of advisers will exit the business over the next 10 to 15 years.
Wirehouse brokers have had to respond to many changes in the industry in the past decade.
If there were a color-coded advisory system for fiduciaries, it now would stand at yellow, flashing “elevated risk.”
Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
Advisers and the vendors serving them agree the Internet — first as a communication tool and later as home to numerous hosted applications — is the single most important technology innovation affecting the industry in the last decade.
Activist groups urging fund firms to divest from companies doing business in Sudan are finding evidence that stocks of some of the companies have delivered lower returns than some of their peers that have no connection to the country.
During the past decade, 401(k) plans have elbowed defined benefit plans to become the primary retirement vehicle for most Americans.
Over the past 10 years, the world of independent-contractor broker-dealers has been turned on its ear.
The custody business has evolved over the last decade.
