updated Thu. March 28, 2024
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ThinkAdvisor
April 27, 2018
In fact, 86% of those who use social media reported gaining business — an average of $5 million — according to a Putnam Social Advisor survey ... clients or followers prefer, what corporate marketing teams produce, and what wealth advisors, as well as insurance and property/casualty insurance agents,Ãâà...
Mississippi Business Journal
April 27, 2018
It is the largest, most comprehensive annual advisor list circulated by Barron's. This is the fifth consecutive year that Finkelberg has been selected for the Barron's list. Finkelberg also was named to the Forbes Best In-State Wealth Advisors, which spotlights top-performing advisors from across the country.
ImpactAlpha
April 27, 2018
“If you're a financial advisor and you're not offering impact, you're behind the curve and soon you'll be obsolete,” Just Capital's Martin Whittaker said Thursday at the Total Impact conference in Philadelphia. Seven in 10 investor clients have requested impact opportunities from their advisors, according to aÃâà...
WealthManagement.com
April 27, 2018
Many wealth management professionals are unprepared for the changes they're likely to encounter in the industry over the next few years, according to survey results that included 250 wealth advisors, but they're hoping technology will provide them with some solutions. As the digital transformation inÃâà...
Seeking Alpha
April 26, 2018
How one technologist is infusing high-touch to transform traditional dictation service technology into a tool that truly engages and boosts advisor effectiveness. It is critical to build tech solutions specifically around the inherent inertia and habits of human beings. Mobile Assistant illustrates and is a greatÃâà...
Seeking Alpha
April 26, 2018
Advisors are taking note and are focusing on providing holistic financial planning in order to gain business. To the company's credit, they continue to provide solutions for the consumer's benefit. Disclosure: I am/we are long BLK. I wrote this article myself, and it expresses my own opinions. I am not receivingÃâà...
CNBC
April 26, 2018
White House advisor Larry Kudlow on China, Tim Cook and tariffs. 3 Hours Ago. Top White House economic advisor Larry Kudlow speaks with CNBC's "Squawk on the Street" about trade and Apple CEO Tim Cook visiting the White House. Watch CNBC Live TVÃâà...
Financial Planning
April 26, 2018
The Spectrem report, however, does suggest that knowing a client's politics may influence, or at least inform, how an advisor interacts with them. Asking a few questions can assist advisors "in trying to understand issues clients may be concerned about due to their political leanings," the report states.
WealthManagement.com
April 26, 2018
When Charles Schwab's CEO discusses fees, advisors and investors take notice. But in a recent interview with Bloomberg TV, Walter Bettinger wasn't talking about ETFs or online trades, he was discussing financial advisors whose value proposition to clients is all about their investment abilities. “The onlyÃâà...
Indianapolis Star
April 26, 2018
Dear Pete,. I'm confused. I've heard both a radio and a television commercial for fee-based financial advisors that claim they “only benefit when I benefit.” What does that mean? Don't I have to pay them whether I make money or not? - Matt. Dear Reader,. Incredible. You just hit on my biggest pet peeve inÃâà...
Financial Planning
April 26, 2018
However, smaller advisor practices without that financial flexibility should shoot for breaking even on marketing costs in about a year, meaning they will make their money back if the client stays with that advisor for more than a year. If you're not achieving this at a minimum with your online marketing, it's timeÃâà...
Financial Planning
April 26, 2018
The average annual production per new advisor joining Kestra through recruiting moves in the first quarter amounted to $500,000, says Dan Schwamb, senior vice president of business development. The 1,800-broker firm has brought in 183 new advisors with $5.9 billion in client assets in the past twoÃâà...
On Wall Street
April 26, 2018
The firm has $348 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states. Planners have been leaving the wirehouses in droves as they say they are looking for greater flexibility than a bank-backed firm can offer. But, high-profile scandals at WellsÃâà...
WealthManagement.com
April 26, 2018
For wealth managers, losing clients can be detrimental. When long-standing client relationships dissolve, it can be a blow to advisors' revenue and reputation. Not to mention, replacing them can cost significant money and time. As financial advisors aim to strengthen relationships, retain valued clients andÃâà...
Financial Planning
April 24, 2018
The sequential drop of 15 advisors contrasts with the increasing productivity of the division, as average advisor productivity ticked up 3% to $590,000 per year in the first quarter. Noting gains in productivity and a “clearer” regulatory environment, CEO Jim Cracchiolo predicts more expansion is on the way.
The Real Deal
April 24, 2018
Eastern Equity Advisors — an affiliate of Eastern Union Funding, one of the nation's largest commercial mortgage companies — recently exceeded over $150 million in successful equity assignments with private equity funds, family offices and other single source equity relationships. The middle market transactions includeÃâà...
Seeking Alpha
April 24, 2018
Please share your thoughts in our comments section. Meanwhile, below please find links to other advisor-related content on today's Seeking Alpha. Also, Seeking Alpha has added podcasts to its repertoire - from me and others; for a weekly "best of" digest, follow SA Multimedia; you can also follow my feedÃâà...
CNBC
April 24, 2018
Is inflation back? After a decade of trying to stimulate prices in the morbid economy and avoid a deflationary funk, the Federal Reserve has finally returned to its traditional role of inflation fighter. It may be switching gears too early, said Michael Bazdarich, an economist with Western Asset Management.
Financial Planning
April 24, 2018
Each year, On Wall Street compiles an analysis looking at the starting payouts at wirehouse, regional and national brokerage firms for advisors at four different production levels. Core payout grids remained largely untouched across the country even though firms have changed investment platforms inÃâà...
Motley Fool
April 24, 2018
Financial advisors tend to get a bad rap, which might explain why 62% of adults don't use a professional for financial planning purposes. But without that outside help, you may have a harder time reaching your personal goals. Here are a few signs that it's time to consider hiring someone to help manageÃâà...
Barron's
April 24, 2018
“The firms' (focus) is so diluted—they're talking to all kinds of industries and businesses,” he says. “They don't get the nuances.” Insourcing is more expensive—the firm shells out seven figures a year. Other advisors go pale when Cassaday shares his marketing budget, but he presses the case. “There is noÃâà...
Crowdfund Insider
April 24, 2018
However, there are rumblings in the crypto industry about multiple ICO advisors that companies (and investors) should steer clear of. Today, for some investors in the space, the mere affiliation with a questionable advisor has become an indicator that the ICO team is unable to complete basic due diligence.
Barron's
April 23, 2018
You'll want to check out my profiles of five luminaries—Morgan Stanley's Ron Basu; indy advisor Susan Kaplan; Merrill Lynch's Peter Rohr; Alex. Brown's Steven Grill, and Morgan Stanley's Mark Curtis. All impressive people talking about their road to success, how they invest, and how they add value forÃâà...
Financial Planning
April 18, 2018
Of its roughly 140 advisors, 54 hold the chartered retirement planning counselor designation. And under Leonard Golub, market head of the center, UBS is encouraging more staff to get the CFP designation. The firm has brought in a professor once a week to prep about three dozen of the center's advisorÃâà...
Barron's
April 18, 2018
The ranks of Merrill advisors shrank 2% in the latest quarter, to 14,829, FinancialAdvisorIQ reports. Bank of America attributed the decline to “seasonally fewer hires” in its advisor training program. The company also said the number of experienced advisors grew for a 17th straight quarter, and cited recordÃâà...
Insurance News Net
April 18, 2018
Here are several red flags advisors should learn to recognize: The client has an “outdated” portfolio. “A typical scenario sees someone continually growing their net worth, then later realizing that their portfolio never really changes,” Kearney said. “The advisor is using the same approach over and overÃâà...
Seeking Alpha
April 18, 2018
In an interview I did in February with Michael Kitces, a popular blogger serving financial professionals, the “advisor's advisor” noted that a three-hour regulatory exam is all that is required to qualify as an advisor. Another advisor once told me that the test included the following multiple-choice question:.
Seeking Alpha
April 18, 2018
The financial services industry "continues to provide bad advice." Those are the words of Prof. Laurence Kotlikoff in his latest Seeking Alpha article and them's fightin' words. Kotlikoff argues that conventional planning is based on guesstimating a "number" that cannot be guessed, thus risking a disruption inÃâà...
WealthManagement.com
April 18, 2018
The plan advisor to Palmer Trucks even suggested to Nichols that the company evaluate what was out there. To his surprise, Nichols said, the incumbent advisor didn't just write a few sentences in response to questions sent to prospective advisors, they submitted a full proposal as if they hadn't alreadyÃâà...
Financial Advisor Magazine
April 18, 2018
Although Wells Fargo Advisors lost advisors in the first quarter compared with a year ago, it gained assets under management. The advisor group lost 258 financial advisors, dropping to a total of 14,399 advisors, at March 31, compared with a year earlier. AUM rose 10 percent, to $540 billion from $490Ãâà...
Financial Advisor Magazine
April 18, 2018
A New Jersey financial advisor faces up to 20 years in prison and has been barred from the industry after admitting to spending $3.1 million of his elderly clients' assets on personal luxuries and gambling. Scott Newsholme, 42, of Farmingdale, N.J., pleaded guilty last week to fraud, aggravated identity theftÃâà...
Department of Defense
April 17, 2018
Army Master Sgt. Janet Bretado of the California National Guard is one of two female advisors from the 40th Infantry Division serving as part of Train, Advise and Assist Command South here. Female advisor breaks barriers. Army Master Sgt. Janet Bretado, logistics advisor for Train, Advise and AssistÃâà...
Investopedia (blog)
April 16, 2018
LendEDU polled 502 Millennials actively saving for retirement and asked them about their use of a traditional robo-advisor versus a financial advisor. The results determined that: “Traditional advisors are nearly two times more prevalent amongst Millennials than robo-advisors.” This is despite the fact thatÃâà...
WealthManagement.com
April 13, 2018
Amid scandals surrounding its sales practices that have extended into the wealth and investment management unit, Wells Fargo said it lost 145 advisors during the first quarter, bringing its total headcount down to 14,399, according to the firm's latest quarterly report. The firm's advisor force has declined 2Ãâà...
ThinkAdvisor
April 13, 2018
280 CapMarkets announced a suite of complimentary service offerings that aims to empower independent advisors with tools, resources and fixed income expertise to expand their client service capabilities and compete effectively. Called 280 Advisor Services, the new suit of services will be offered throughÃâà...
CNBC
April 13, 2018
President Donald Trump has told top economic advisors to look at the possibility of re-entering a massive Pacific trade deal, the White House said Thursday. The president has asked chief economic advisor Larry Kudlow and U.S. Trade Representative Robert Lighthizer to consider trying to rejoin theÃâà...
Financial Planning
April 13, 2018
The SEC is ramping up its scrutiny of advisor fees. The commission has published a risk alert notice detailing the most common compliance mistakes financial advisors make when setting fees and expenses, and outlined scenarios in which advisors have overcharged clients. The SEC's Office ofÃâà...
PotNetwork (blog)
April 13, 2018
As more of the banking industry starts to take pot stocks seriously, Toronto-Domino Bank (NYSE:TD), better known as TD, is taking a more conservative approach with its investors. According to a report by Profit Confidential, TD sent out an email stating that they will limit their financial advisors toÃâà...
Barron's
April 13, 2018
Since then, Wells Fargo Advisors has shed 4.6% of its advisor workforce, falling from 15,086 in September 2016, according to the firm's third quarter 2016 earnings supplement. Some of this represents advisors who have retired; others joined competitor firms, according to InvestmentNews. –Cheryl WinokurÃâà...
Barron's
April 13, 2018
The agency notes that the terms of a client's advisory fees and expenses are typically listed in an advisor's Form ADV. It adds that advisors who fail to adhere to those terms may violate the law. Here are a few of the billing practices the SEC flagged: • Fee-Billing Based on Incorrect Account Valuations.
Barron's
April 13, 2018
There's been a lot of fear in the industry that advisors' fees are headed inexorably lower, but a new survey shows that top RIAs and institutional ... BNY Mellon's Pershing Advisor Solutions polled attendees at its Elite Advisor Summit last month and found that 84% of respondents did not change their pricingÃâà...
Entrepreneur
April 13, 2018
An advisor is someone who gives advice, typically from a position of expertise in your field. And he or she merits respect: Throughout our professional lives, most of us at some point need mentors and advisors who guide our steps and help us navigate the day-to-day complexities of a fast-paced businessÃâà...
Barron's
April 13, 2018
The ability to find opportunity in even the bleakest situations is likely in Davenport & Co.'s genes. The Library of Virginia notes that the Richmond, Va.-based investment advisor was founded in 1861, saw its building destroyed in the Civil War, and moved into one of the first buildings rebuilt duringÃâà...
Financial Planning
April 13, 2018
The SEC is ramping up its scrutiny of advisor fees. The commission has published a risk alert notice detailing the most common compliance mistakes financial advisors make when setting fees and expenses, and outlined scenarios in which advisors have overcharged clients. The SEC's Office ofÃâà...
CNBC
April 4, 2018
President Donald Trump wants to pull U.S. troops from Syria, signaling an early exit to the U.S.-led fight against ISIS. "I want to get out. I want to bring our troops home," Trump said Tuesday at the White House. The president's comments appear to contradict U.S. military and national security advisors, whoÃâà...
ThinkAdvisor
April 4, 2018
Advisors may want to pay close attention to the problems confronting Facebook because they are increasingly using the social media platform for their business. According to the latest edition of Putnam Investments' Social Advisor Survey, Facebook is the platform advisors use most frequently — averagingÃâà...
CNBC
April 4, 2018
The White House's top infrastructure advisor is leaving the administration as President Donald Trump's plans to inject funding to repair the nation's roads and bridges will most likely have to wait until after the midterm elections. The White House said DJ Gribbin, who formulated the Trump plan released inÃâà...
Los Angeles Times
April 4, 2018
Reiss made her way from national politics to entertainment law to government service, serving as a senior advisor to Schwarzenegger and later as the ... The partnership between the Republican governor and his liberal Democratic advisor was rooted in a friendship that began four decades ago with MariaÃâà...
RIABiz
April 4, 2018
Acknowledging the phenomenon, and perhaps having finally alighted on the formula for successfully combining chalk-and-cheese bank and advisor cultures, Bank of America plans to open 600 additional Merrill Edge branches in the next two years and hire 300 new advisors, bringing the headcount countÃâà...
CNBC
April 3, 2018
Stocks entered correction territory on Monday, but Boston Advisors' Michael Vogelzang doesn't think a bear market is in the cards. "At the end of the day we really believe that the fundamentals are still pretty solid," he says. Morgan Stanley's Andrew Slimmon agrees and sees opportunity in financials andÃâà...
