News
How to manage the delicate dynamics of client divorce
2+ day, 2+ hour ago (810+ words) After the couple walked down the aisle, their advisor walked them through their finances. But when that couple decides they're headed for Splitsville, who gets the advisor in the breakup?" That's just one of several tricky aspects advisors face when…...
Planning for the unexpected: Morningstar research offers retirement prep advice
2+ day, 1+ hour ago (636+ words) Advisors can get some hard data on how expenses change over a person's lifetime, help plan their clients' retirement income and ease their fears, based on a new research paper. The amount of non-discretionary, or necessary, expenses, drop in retirement…...
Raymond James continues Commonwealth recruiting streak with $2. 8 B team
4+ day, 21+ hour ago (591+ words) Raymond James, already the top destination for advisor teams departing Commonwealth Financial Network, notched another big recruiting win with a New Hampshire group managing nearly $3 billion in client assets. Financial Strategies Retirement Partners is joining Raymond James Financial Services, the…...
34% of women investors say their advisor is condescending: Nationwide
4+ day, 22+ hour ago (566+ words) The vast majority of women investors, 95%, believe their financial advisors treat them with the same respect as their male counterparts. Yet many also report that their advisors have serious communication blind spots, according to a new survey from Nationwide. Just…...
Schwab is changing " what it means for RIAs in its referral network
4+ day, 23+ hour ago (974+ words) If advisors in Charles Schwab's vast network of outside RIAs ever feel they're in competition with the firm's in-house wealth management business, Jonathan Beatty wants to hear about it. In the last 12 months, the head of Schwab's advisor services unit…...
Why table-stakes tax planning is still elusive at many firms
5+ day, 3+ hour ago (697+ words) Despite the frequent M&A deals, rhetoric and research focused on tax planning, the wealth management industry is still lagging behind clients' expectations, according to experts. "We work so hard on investment alpha and security selection," said Scott Smith, the…...
The top 20 fastest-growing RIAs " technically speaking
5+ day, 19+ hour ago (229+ words) With so many assets under management in motion during the accelerating consolidation of registered investment advisory firms, a snapshot of the fastest growers is bound to deliver surprises. Scroll down for the top 20 registered investment advisory firms that expanded their…...
Advisors weigh pros and cons of 529 plans
5+ day, 19+ hour ago (768+ words) With the school year ending and "529 Day" coming up on May 29, many parents are considering how to plan for one of life's biggest expenses: college tuition. Education savings plans called 529 plans are a well-liked way to save for school-related expenses…...
RBC recruiting boosts U. S. net new assets
6+ day, 16+ min ago (618+ words) RBC witnessed a recovery of new asset flows into its U. S. wealth management division in its fiscal second quarter as it pulled in billions from advisors recruited from industry rivals. On a call with analysts Thursday, RBC CEO David Mc Kay…...
No more bad bosses: How training programs can address the leadership gap
6+ day, 1+ hour ago (772+ words) It's often said that people don't leave bad jobs, they leave bad managers. Nearly 6 in 10 workers who quit said they left because of their boss's management style, according to a recent Bamboo HR study. Top complaints included bosses who were…...