The AUM fee model works well in rising markets, but when markets begin to decline, the model means revenues are falling as the needs of clients increase.
Research from Ameriprise also shows that at least a quarter of financial advisers have no succession plan, and 14% expect to leave the business to a buyer.
Leading with empathy builds the trust that managers need for sustained productivity
Ongoing discontent, worsened by the pandemic and tech shortfalls, has resulted in 15% of wirehouse advisers and 7% of independent advisers being 'at risk' of exiting their firms in the next two years.
An Investment Adviser Association survey shows that for the second year in a row, the SEC advertising rule is the top compliance concern.
There have been exciting developments in terms of partner firms offering loans and equity options that can provide the capital advisers need to realize their business growth goals.
Eliminating paper processes can reduce error rates, driving efficiencies for the firm and improving the customer experience.
Spuds Powell defies popular thinking with the niche client base he's built, one that he says makes both him and his clients happy.
Don't assume that clients intend to spend their principal in retirement.
The asset management firm will change its name this fall to Raymond James Investment Management.
Advisers weigh in with their suggestions for the lucky individual who has the winning ticket for the Mega Millions drawing.
Style often trumps substance for personal finance commentators on social media platforms, though some are blending the best of digital and traditional advice
Thomas Powers, Bill Roberts share top spot; Harold Kotler becomes chairman effective July 1.
The suite of six portfolios can be accessed on SEI’s platform for advisers.
There are important things to consider when selecting a platform that researching online or LinkedIn won't tell you.
A Finra arbitration panel rules in favor of Erin Daly, who filed a federal complaint against Citigroup alleging gender discrimination.
While it might be a lousy long-term investment, gold has a proven track record of rising to the occasion when times are tough.
Relationships with clients are built on trust. Here are ways advisers can help accelerate the trust-building process.
Benefit will go into effect July 1 at JPMorgan, Goldman Sachs and Bank of America.
Advisory firms' challenges when it comes to alts range from getting access to investments, meeting minimums, figuring out how to subscribe and the headache of performance reporting.
