Practice Management

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Market pullback, recession threat send more financial advisers to alternatives
EQUITIES SEP 23, 2022
Market pullback, recession threat send more financial advisers to alternatives

In an RIA Lab discussion of what investors should expect from alternative investments, panelists note that fees are high and liquidity is limited.

By Jeff Benjamin
How to help small-business-owner clients get started with their exit plan
OPINION SEP 22, 2022
How to help small-business-owner clients get started with their exit plan

Many owners of small firms don't plan their exit properly — or at all. Here are things advisers should keep in mind to help business-owner clients make plans.

By Michael Radford
Raymond James rolls out private wealth designation
PRACTICE MANAGEMENT SEP 22, 2022
Raymond James rolls out private wealth designation

The program offers six months of training in how to attract and work with high-net-worth and ultra-high-net-worth clients.

By InvestmentNews
Lerner Group promotes three to partner
PRACTICE MANAGEMENT SEP 22, 2022
Lerner Group promotes three to partner

Michael Schneider, Megan Kowalski and David Sokolovsky will lead initiatives in the family office space.

By InvestmentNews
Morgan Stanley study shows employees seeking beefed-up benefits
RETIREMENT PLANNING SEP 22, 2022
Morgan Stanley study shows employees seeking beefed-up benefits

Sixty percent of workers say they're focusing more on their financial benefits compared to a year ago, according to the firm's survey.

By Gregg Greenberg
Women take the lead at Advisor Group
PRACTICE MANAGEMENT SEP 21, 2022
Women take the lead at Advisor Group

The imperative for having more women in charge of brokerage and advisory firms is pretty clear — in the future women will control more of the nation's wealth.

By Bruce Kelly
'Central Park Karen' lawsuit over firing thrown out
PRACTICE MANAGEMENT SEP 21, 2022
'Central Park Karen' lawsuit over firing thrown out

Judge rejects Amy Cooper's suit against Franklin Resources in which she claimed racial and sexual discrimination and defamation.

By Bloomberg
Financial advisers debate the best way to charge clients
PRACTICE MANAGEMENT SEP 21, 2022
Financial advisers debate the best way to charge clients

A new generation of advisers is critiquing traditional AUM fees and advocating for alternatives.

By Ryan W. Neal
NAPA unveils new adviser designation for nonqualified plans
RETIREMENT PLANNING SEP 21, 2022
NAPA unveils new adviser designation for nonqualified plans

The credential will confirm an adviser’s expertise in working with nonqualified deferred compensation and executive compensation plans.

By Gregg Greenberg
3 reasons advisers should take millennials more seriously
OPINION SEP 21, 2022
3 reasons advisers should take millennials more seriously

Millennials — those born between 1981 and 1997 — trail far behind older generations, with only 5% of the country's wealth. But they're starting to come into their own.

By Brian Bunker
Enhancing tax alpha on a multi-account UMA platform
OPINION SEP 21, 2022
Enhancing tax alpha on a multi-account UMA platform

Adding a tax overlay to multiple unified managed accounts lets advisers generate tax alpha through APIs that identify and recommend tax-smart trades and sales.

By Jack Sharry
Insurers talk big, spend small with diverse asset management firms
LIFE INSURANCE AND ANNUITIES SEP 20, 2022
Insurers talk big, spend small with diverse asset management firms

The largest American insurance companies have uneven track records with diversity when it comes to selecting asset managers.

By Joanne Cleaver
NASAA model rules let advisers maintain licenses while out of industry
PRACTICE MANAGEMENT SEP 20, 2022
NASAA model rules let advisers maintain licenses while out of industry

The move aligns state policy with a Finra initiative that extended the grace from two to five years as long as brokers stay current on continuing education.

By Mark Schoeff Jr.
Institute for Portfolio Alternatives promotes Anya Coverman to top job
PRACTICE MANAGEMENT SEP 19, 2022
Institute for Portfolio Alternatives promotes Anya Coverman to top job

The trade group's new president and CEO previously served as its general counsel.

By InvestmentNews
SEC to probe whether advisers can back up ads in marketing-rule reviews
PRACTICE MANAGEMENT SEP 19, 2022
SEC to probe whether advisers can back up ads in marketing-rule reviews

A risk alert released Monday gives advisers a preview of how the agency will assess compliance with the regulation, which overhauls advertising restrictions for the first time in 60 years.

By Mark Schoeff Jr.
The latest in financial #AdviserTech — September 2022
FINTECH SEP 19, 2022
The latest in financial #AdviserTech — September 2022

VRGL's $15 million Series A round, FMG's acquisition of Vestorly, Farther's funding round and Orion's partnership with Apex Clearing are among the highlights of this month's roundup.

By Michael Kitces
US SIF CEO Lisa Woll to step down
PRACTICE MANAGEMENT SEP 16, 2022
US SIF CEO Lisa Woll to step down

Woll has been the face of one of the most prominent organizations supporting sustainable investing for 16 years.

By Emile Hallez
Advice-only planning exposes what's wrong with asset-based fee models
PRACTICE MANAGEMENT SEP 15, 2022
Advice-only planning exposes what's wrong with asset-based fee models

The planning industry won't truly distinguish itself from the old-fashioned brokerage industry until it stops linking fees to investment portfolios.

By Jeff Benjamin
Clients want advice about their Medicare options
RETIREMENT PLANNING SEP 14, 2022
Clients want advice about their Medicare options

Most advisers agree they should be providing health care advice, but they say they need better tools.

By Mary Beth Franklin
Morgan Stanley counting fresh assets in the trillions
PRACTICE MANAGEMENT SEP 14, 2022
Morgan Stanley counting fresh assets in the trillions

After its spate of acquisitions, Morgan Stanley now has relationships with 16.5 million clients, Andy Saperstein, its head of wealth management, points out.

By Bruce Kelly