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Advisers have cut back, study says
Financial advisers are facing tough times, with 40% having to cut back on support staff through layoffs or attrition, a soon-to-be-released report has found.
Insurers, banks criticize Obama’s proposed consumer watchdog agency
Life insurers and banks bashed the administration’s proposal for a Consumer Financial Protection Agency today at a House Financial Services Committee hearing.
Seeking new clients
Many financial advisers think that the best way to rebuild their businesses after the economic downturn is to find new clients.
Widows’ needs being ignored by advisers
The nearly 800,000 women who become widows each year share something beyond loss.
Steps to take to become a rainmaker
If you are serious about attracting affluent clients to your practice, keep reading.
The Harry Truman way to success
President Harry S. Truman, known for his plain speaking, could teach a thing or two to today's financial advisers.
Brokerage firm recruitment deals are holding steady for top reps
Despite the intense scrutiny on executive compensation by legislatures and regulators, major brokerage firms continue to offer generous recruitment packages to top brokers.
Arbitration settlement lands in insurer’s lap
A sprawling case of alleged securities fraud involving an independent broker-dealer and two brokers may wind up costing an insurance company $10.3 million.
Summer interns find few advisory jobs
In an effort to cut costs and save time, many advisory firms are deciding to forgo hiring summer interns this year.
Changing regulations mean EIA compliance challenges
As new annuity rules continue to develop, chief compliance officers at broker-dealers say that they still face some challenges in implementing compliance procedures with their financial advisers.
Ex-NAPFA exec allegedly took $1.24M in kickbacks
Advisers who are members of NAPFA had a range of thoughts and reactions to the news that the SEC last month charged a past president of the organization with taking kickbacks related to unregistered investment pools his firm managed.
Firms in niche segments seek wider client base
Add target marketing to the list of advisory firm best practices being rethought in light of the recession and market slump.
Deliver high-impact summer events cost-effectively
Staying connected with your clients is so important and events are one easy way to do this. If planned correctly, they can become a main source for referrals to top clients’ family and friends.
New technology can’t do the work for you
Finra may have given broker-dealers and registered representatives a reprieve of sorts last year as the amount in fines and enforcement actions it levied against firms plummeted.
Fear’s a factor as General Motors files for bankruptcy
Financial advisers who cater to workers in the automotive industry are scrambling to prepare their clients for the onslaught of job losses that will follow General Motors Corp.'s filing for bankruptcy protection last week.
Deliver high-impact summer events cost-effectively
Advisers are looking for ideas about how to stay connected to clients and plan events for clients on a limited budget.
Independent advisory firms’ outreach pays off for some
Independent advisory firms have stepped up their outreach efforts, and the largest firms continue to open accounts even though their assets under management have dropped.
Hope is not a business strategy
I hope that the market goes up this year.
SEC sues defunct Brookstreet Securities and its former CEO
Federal regulators have sued a defunct California investment brokerage and its former CEO, accusing them of fraud in selling more than $300 million worth of risky mortgage-backed securities to unsophisticated investors.
Schapiro said to backtrack on third-party compliance audits
In what may be a reprieve for advisory firms, including those under pressure from tight budgets, Securities and Exchange Commission chairman Mary Schapiro seems to have backed off from an idea that would require some advisory firms to undergo third-party compliance procedure audits.
