When financial advisers did their business post-mortems after the 2008-09 economic downturn, many were alarmed to find that their firms weren't well-prepared to handle such a crisis.
Providing extra services to clients since the recession seems to be taking its toll on roughly half of advisers.
Klingenstein Fields & Co. LLC isn't looking to make a radical break from its tradition of sober asset management for wealthy families.
After recently finding himself in the position of having to drop seven clients in 18 months, Taylor K. Ranker II decided he needed a better system for screening prospects.
Emboldened by stronger balance sheets, many financial advisers are considering plans to expand their practices by opening a second office.
Three years after returning from the war in Iraq, Clarence Parker is facing a new battle: managing his finances.
Many financial planners are in the dark about ways to help clients boost their monthly government checks. That needs to change, says one expert.
A few years ago, adviser Jeff Bland was approached by an executive from Houston-based oil company Cameron International Corp. who was searching for an adviser to manage his more than $6 million in assets.
Although some financial advisers are always thinking of ways to go above and beyond to provide extra services to clients, Paul Baumbach sticks to managing his clients' investments.
