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Succession plans are new recruiting tool
Advisory firms that lack a succession plan may jeopardize their chances to recruit the best young talent, according…
Clients with Alzheimer’s pose ‘scary’ legal risks
It isn’t an easy conversation to have, but financial advisers need to talk to their clients about Alzheimer’s…
When decisions are impaired by disability
In following self-imposed restrictions on her IRA distributions, a bipolar investor recently learned from the IRS that her…
Public colleges may be the ticket, advisers tell clients
With tuition and fees at marquee private colleges now approaching a king's ransom, some advisers are telling clients to consider sending their kids to less prestigious -- but more affordable -- public universities.
Local banks go big, stay small to win clients
Wirehouses and big banks, beware: Smaller banks are picking off your wealth management clients. Regional and local…
4% withdrawal rule called into question
For nearly two decades, financial advisers have operated under the assumption that retired clients can withdraw a maximum of 4% of their nest egg each year. Now, the thinking is changing. Extra 10 worst states for retirement »
CEO sees more cuts at BofA, including wealth management
Bank of America Corp., the second-biggest U.S. lender by assets, may reduce annual costs by as much as…
Eyes on college, not the cash
Financial advisers may or may not agree with her plan, but for now, 16-year-old Olympic hopeful Melissa J.
Matson: Advisers often play along with bad strategy to keep clients happy
Spooked investors may be unwilling to invest in the stock market, but many financial advisers aren’t trying to…
Don’t change rules because of deadbeat brokers
While brokerage firms have every right to expect former brokers to honor the agreements they make when accepting recruiting and retention bonuses, Finra should resist pressure to rewrite its rules to make it easier for firms to collect unreturned bonuses.
More wirehouse brokers expected to bolt this year
More brokers should shift to the independent RIA channel this year as markets stabilize and retention deals wind…
Small banks thrive below regulators’ radar
It speaks volumes about the state of the financial markets when not being “too big to fail” is…
Different takes on risk assessment
When I boarded the Costa Concordia for a Mediterranean cruise in October 2009, I never considered the possibility of being on a sinking ship — much the way many investors never considered that a bear market could decimate their retirement nest egg.
InvestmentNews continues to evolve
Albert Einstein, who was a pretty smart guy, said: “Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.”
The secrets of Social Security
Even for the typically affluent clients of financial advisers, informed decisions about how and when to claim Social Security benefits can mean thousands of extra dollars a year, and tens of thousands of dollars over a lifetime. Are you prepared to advise clients on this crucial decision?
Talking with William P. Bengen
William P. Bengen is the father of the 4% withdrawal rule and president of fee-only Bengen Financial Services…
Third-quarter weak for wealth division at Wells Fargo
Wells Fargo & Co. last week reported weak fourth-quarter results for its wealth management division, reflecting the impact…
Montana farmers sue Corzine over futures account
Jon Corzine, former chief executive of collapsed commodities brokerage MF Global Holdings Ltd., has been sued for fraud…
Private-equity firm takes aim at small players in B-D space
Private-equity funds continue to show interest in small to midsize financial services firms — this time with such…
European doom and gloom is overdone, analysts say
Europe was blamed again last week for volatility in the U.S. equity markets, but some market watchers are…
