Boomers' wealth transfer and the industry's shift from investment management to financial planning are among the factors that may lead to more women in adviser roles
Best practices, such as building confidence and seeking out mentors, can bolster the professional journey of people from any community in the minority in a particular industry.
Four main changes should be made before a final rule is issued
But the agency's proposal does not require brokers to be fiduciaries for clients, instead establishing an undefined "best interest" rule.
Small 401(k) plans may have flaws, such as cost, but there are trade-offs involved in using alternate solutions.
This generation is in the best position to invest in stocks because of their youth
While hugely popular, they are still no cure-all
With market volatility picking up in 2018, explain to clients that markets aren't serially correlated and shouldn't inspire fear or actions that jeopardize long-term goals
More openness about its finances is welcome and may be a precursor to greater disclosure about other areas of its operations.
Keep in mind that clients' goals will change and life is unpredictable.
Use your customer relationship management software to both segment and document clients more efficiently.
Billionaire CEO cites the importance of an innovative mindset and a strong company culture
Now that a new law provides executors with access to digital assets, estate planning needs to include such assets
Wealth managers making the transition need to pick the model that's appropriate to their needs and best serves their clients.
Charging fees based on assets under management is OK, but the modern financial advice business is starting to cut varied paths toward different pricing models that might be better both for clients and the overall industry.
Financial advisers should be explaining how they can help clients, rather than pushing products on them.
Advisers should consider the challenges they may face when retiring, as many find this transition to be harder than they anticipated
The factors Magellan's manager uses to beat the index can be accessed more cheaply via ETFs.
Investment expertise is no longer viewed as a coveted service — these days, it's just table stakes.
It seems only natural that IPOs will be the next step.
