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Half full or half empty? Advisers, clients differ
Even during the recent market gyrations, financial advisers have maintained their perspective — and attempted to keep clients from losing theirs
Chill economic winds ahead, advisers say
Financial advisers, normally an optimistic lot, are growing increasingly gloomy about the economy
Cross-selling is a dud so far for advisers, banks, survey finds
After suffering major revenue shortfalls from their mortgage and credit card operations, big U.S. banks are looking to their wealth management businesses to help pick up the slack
Financial crash left 20-somethings with a short supply of optimism
Americans who came of age around the time of the 2008 recession are still feeling the pain — and so are their parents
Seeking greener pastures – or maybe just more green
Although unemployment is holding stubbornly above 9% this year, those with jobs increasingly are looking for greener pastures
Assets being snatched up, but valuations of RIAs still depressed
RIA client assets that changed hands through acquisitions soared in the first half of the year but valuations of the firms are still below the 2008 peak, according to Schwab Advisor Services.
Portfolio managers reverse course on outlook
Portfolio managers were as shaken as individual investors by the recent market turmoil, according to the results of the latest Bank of America Merrill Lynch global survey of fund managers
Volatile markets push investors to seek second opinions
Investors — particularly wealthy ones — are increasingly using more than one financial adviser to manage their money, according to the latest research from Cerulli Associates Inc.
Boomers regain some optimism about retirement
Retirees and those about to retire are slowly regaining their optimism
Volatility has investors diversifying — their financial advisers
In the financial advice-seeking population, about a quarter of households use multiple financial advisers. For those households with investible assets of between $2 million and $5 million, the proportion increases to 33%. And 58% of investors with more than $5 million in assets have multiple advisory relationships.
RIAs’ revenue, AUM hit all-time highs in 2010
Let the good times roll. After several lousy years, revenues and assets under management for RIAs hit an all-time high in 2010. More of the same to come?
Advisers want closer relationships; clients say ‘not so fast’
After coming through the 2008 crisis together, financial advisers want to get closer to their most affluent clients.
GAO criticizes a plan to promote financial literacy
Creating a federal certification process for financial literacy programs would be challenging, could boost costs and may not…
Report says SEC leased space it didn’t need
The Securities and Exchange Commission conducted a “deeply flawed and unsound analysis” to justify a $556.8 million lease for largely unneeded office space, an investigation by the SEC's inspector general found
Deep pockets get deeper worldwide, study finds
The world's wealthiest individuals are back in the black, according to the 15th annual World Wealth Report, released last week
Gender split on target funds
Female retirement plan participants appear to display a greater inclination to place assets in target date funds than in target risk funds
Clients, easily distracted by news, are missing bigger picture
Financial advisers continue to face a wide gap between what they think is important and what their clients think is important
How to save wealthy clients from themselves
Emotion can undo the best-laid financial plans. Not surprisingly, wealthy investors say that they want help controlling…
ASPPA: Funds lost to retirement plan tax breaks overstated
Federal revenue losses due to tax breaks for retirement savings plans are being greatly exaggerated, according to a group that is urging Congress not to eliminate so-called retirement tax expenditures
Breakaways opt for established RIAs
After 20 years of working within the strict confines of a bank trust department, adviser Robert Kaercher was ready for a change.
