Once the market hits another prolonged downturn, those advisers with no organic growth will see a precipitous decline in the values of their firms.
Bring on a junior adviser at least five to seven years prior to retirement, to give both the adviser and clients time to acclimate to the role and those important relationships.
It’s not easy to tell which prospects are going to pose problems — but it’s definitely easier to say no to a prospect than to terminate a client later.
Press releases touting recent hires fall short in the effort to make the financial advice industry more diverse.
The deep dive into the bank's business will be conducted by lawyers at Covington & Burling, and will focus on Citi's 2020 commitment to dedicate $1 billion to initiatives aimed at closing the racial wealth gap in the US.
Advisers that put off planning for the future leave themselves open to unnecessary risks when they should be relishing the fruits of their labor.
The deluge of information available about investing has driven many young people to gravitate toward the largest, loudest and most popular financial influencers on various message boards and online video channels.
The process of switching investment accounts from one firm to the another is one of the most anxiety producing events in the work life of a financial adviser.
Unpaid arbitration awards have been a consistent stain on the retail securities industry. Brokers have been walking away from paying investors for years.
'There is no remote work. There is only work,' futurist Mike Walsh said during a session on the future of the industry at the Schwab Impact conference.
Firm leaders and executives should aim to broaden their potential talent pool and professional networks, says Schwab's Leslie Tabor.
People are overworked, and burnout is causing 'brain fog,' exhaustion, cynicism and other issues, Jennifer Moss said at Schwab Impact.
The overhauled compensation structure is tied to revenue production and features a length-of-service award for high performers with additional revenue, which will be paid in restricted stock units.
What should you consider when you are considering a custodian? Whether you are an existing RIA or a registered rep looking to make a move, LPL senior vice president Steve Earner has some useful tips.
Smaller state advisers want to be able to post client endorsements and quote them in ads when bigger SEC-registered firms get the green light.
Fidelity is increasing its limit for student loan contributions for its employees, and MassMutual is letting people apply vacation time to payments.
Know someone who's a role model for individuals and a driving force to building a diverse and inclusive culture within the financial advice profession, or a firm that’s making efforts to foster diversity, equity and inclusion? InvestmentNews is accepting nominations for The Excellence in Diversity, Equity & Inclusion Awards. The current deadline has been extended to January 31.
The former broker, Dalas Gundersen, sued Edward Jones in 2015, seeking damages, after three fake gay-sex ads were posted on Craigslist earlier that year listing his business phone number.
Aviva Pinto found her niche when she realized most divorces include a 'non-monied' spouse in search of financial footing.
The new adviser development program is up and running with 750 advisers. Some of the new recruits could be already licensed to sell securities, but don't have a background in financial advice, according to the company.
