Clients are anxious and likely to bolt. A study last fall by wealth analyst Russ Alan Prince found that 81% of those with $1 million or more in investible assets plan to take money away from their current adviser.
Wachovia Securities last month stopped offering recruitment packages to potential recruits to its profit-formula platform.
Financial advisers exhausted from dealing with stressed-out clients now find themselves dealing with another stressed-out constituency: their assistants.
The Foundation for Financial Planning's annual Be Our Guest program kicks off next month when six of the nation's top financial planners open their firms' doors to colleagues from around the country.
Over the past four weeks, we have outlined the steps for building a retirement advisory board. Now comes the hard part — making it happen.
If you have just come back from the <i>InvestmentNews</i> Retirement Summit, you are probably thinking about how to let clients know you are a resource for their retirement needs.
A high-tax environment can be a win-win for clients with a Roth IRA and for financial advisers who would like to expand their businesses, according to financial guru Edward A. Slott.
Retirement advisory boards can be invaluable to your business, but the fastest way to make them fail is to make them all about you.
If you ever wondered what would make your independent brokerage or financial planning business attractive to a buyer, ask me.
<b>The challenge:</b> While there are countless ways a retirement advisory board can be of value to your practice, it’s difficult to sustain the board’s excitement and energy after the first meeting.
Warning to larcenous advisers: Don't try anything in Massachusetts.
Fidelity Investments today unveiled a program to help registered investments advisers hire, develop and retain employees.
Scandals in the financial markets over the past several years are the result of enforcement failures and a lack of regulators with industry-specific knowledge, not a need for increased regulation.
Raymond James expects a record recruiting year, as reps and advisers flee struggling wirehouses to join the St. Petersburg, Fla.-based company.
In the most direct evidence yet tying UBS Chairman Peter Kurer to oversight failures at the Swiss bank, the U.S. Justice Department last month criticized as inadequate an internal investigation that he supervised.
The Internal Revenue Service should immediately issue guidance that would allow customers defrauded by New York-based Bernard L. Madoff Securities LLC.
Scott Eyre, a left-handed relief pitcher with the reigning World Series champion Philadelphia Phillies, has joined the roster of major-league players ensnared by the Stanford Financial scandal.
