State securities regulators cracked down on more investment adviser applications last year after thousands of midsize advisers switched to state oversight from the SEC.
With a shortage of advisers facing the industry, the cost to keep them will continue to go up, Fidelity's Waldemar Kohl said. The median compensation cost per lead adviser has grown to $174,000 this year from $165,000 in 2009, according to numbers presented at the conference. And personnel costs make up about 70% of adviser expenses.
What to do when you get the wrong answer from the Social Security Administration
What to do when you get the wrong answer from SSA
“It's not a game of gotcha,” SEC chairman tells compliance officers.
Even big name bond advocates like A. Gary Shilling or Robert Arnott would have difficulty arguing that bond market performance over the last 30 or 40 years was likely to repeat itself.
Protective CEO and management team will remain in place; deal creates 13th-largest global insurer.
Many advisers in Massachusetts who moved from SEC oversight to the state last year failed to disclose that they have custody of client assets — a result of poor understanding of custody rules.
A group of veteran Morgan Stanley managers has broken away from the wirehouse to form a partnership with Raymond James to offer equity ownership and succession planning to advisers.
Preparedness may mean staying on the job, but burned-out investors need an incentive
Anyone who thinks they have busy days should listen to Chris Pollard's tale. This Regent Wealth Management Group financial adviser spent a year activated in the Army National Guard as a budget analyst by day — while serving his 100 advisory clients at night and over the weekends.
Cerulli study forecasts a drop of more than 25,000 advisers by 2017, most from wirehouses and broker-dealers. The problem? A lack of new recruits.
Recent moves point to building momentum after year and a half of sluggish action
Deferred-income annuities offer certainty but limitations too.
One plan would let value of some money funds float, another would impose redemptions.
Insurer no longer taking 1035 exchanges or rollovers, but brokerage gets pass
Di Florio to set up new unit to ID emerging vulnerabilities for investors and markets.
Benefits depend on if you remarry and when. How not to leave money on the table.
Benefits depend on if you remarry and when.
Arizona group of about 40 financial advisory practices joins LPL. The network's founder is looking to add 50 new offices next year.
