Financial services firms are getting fed up with high compliance costs, as 90 percent said they expect such costs to…
Read moreSeveral things contribute to clients outgrowing their advisors. In particular, advisors should be wary of these six things as they could be signs their client is ready to move on from the relationship.
U.S. stocks were broadly higher in afternoon trading, adding to the market’s gains last week. Technology companies, health care stocks and banks accounted for much of the rally.
Someday the bear will come. How well are advisors preparing clients?
Traditional advisory payment models are steadily disappearing as younger clients expect flexibility and competitive fees. With that in mind, many advisors are creating new payment options that are gaining favor.
Digital-first agencies find that step No. 2 might be handing it off to an advisor.
Americans generally worry about wages, but younger workers are also concerned about affordable education.
More than 50 percent of financial advisors expect to go deeper in their social media relationship with their clients.
InsurMark says Simplicity acquired it because of its success in the financial advisor market.
As he sits in the Erie County Prison, accused of fatally shooting his wife of five months on March 8, John Grazioli can no longer tend to his business, Grazioli Asset Management at 3614 W. 12th St., near Potomac Avenue in Millcreek Township.
A new Chubb survey finds that clients want their advisor to deliver property & casualty solutions, but only 28 percent of advisors offer these coverages.
Kenneth Ray Cleveland, 64, a former financial adviser based in suburban Los Angeles, has agreed to plead guilty to defrauding former NFL player Cory Redding out of $4.7 million.
A peek at leading indicators are signaling that further economic growth and stock market gains lie ahead, economic analysts say. In particular, manufacturing production and consumer confidence.
Planning experts offer advice on crafting a responsible retirement plan that takes into account sharply rising health care expenses. A retirement plan that shorts health care planning can leave a client high and dry, they say.
What if you have a client who needs to make a significant withdrawal during a bear market early in retirement? That scenario can devastate a nest egg, and avoiding it takes plenty of planning.
More consumers are anxious about their finances and want to hear about annuities, according to the latest Greenwald survey.
Advisors should give fixed indexed annuities (FIAs) a serious look because FIAs offer a compelling story in an era of low bond yields, according to Roger G. Ibbotson, one of the most recognizable names in finance.
Some industry observers say demographic, regulatory and technology trends have generated new momentum for many RIAs to consider offering fee-based annuities. The potential for mutual growth is high, some say.
Optimism in the U.S. economy remains up among high-net-worth investors, but concerns are creeping in, a new survey finds. Inflation, tax changes and interest rates are chief among them.
An SEC’s order found that Merrill Lynch sold almost three million shares of Longtop Financial Technological Limited’s securities into the market despite red flags indicating that the sales could be part of an unlawful unregistered distribution.
A September agreement on a two-day deadline for completion of a securities’ transaction might not be in place very long. Some factions are pushing for a one-day cycle, analysts say.
The Tax Cuts and Jobs Act eliminated the alimony tax deduction, which analysts say could prompt a spate of 2018 divorce filings, especially among high earners. Advisors should be prepared to untangle the finances.
Most clients are great, but some are not. Where do you draw the line with rude, demanding and/or stress-causing clients? We offer five best-practice tips.
The GOP tax reform bill is prompting more U.S. companies to bring financial advisory help in-house to help workers maximize their 401(k) plan participation.
Fee-based indexed and variable annuities are still posting small sales, but the numbers are rising. A key to future sales is whether the products catch on with registered investment advisors (RIAs), analysts say.
The Dow Jones tanked badly over the first few days of February, spreading fear among investors. But analysts say the market is fine and the “correction” was much needed.
Insurance company M&A deals fell sharply in 2017 and isn’t expected to rebound anytime soon. Several trends are impacting the potential for M&A deals, including tax reform and technology.
Wall Street players are happy with the steady hand promised by new Fed Chair Jerome Powell. The biggest issue by far is how the Fed handles interest rates and inflation and Powell is not pushing any drastic moves.
Federal Reserve Chairman Jerome Powell told Congress that the outlook for the U.S. economy “remains strong” despite the recent stock market turbulence, keeping the central bank on track to gradually raise interest rates.
While millennials are big fans of robo-advice, older investors from the baby boomer generation are driving the concept, a new survey found. Aside from retirement services, older investors put fees and relaxation at the top of their list of concerns.
Advisors and brokers say fee-based compensation is a difficult transaction with many annuities. In addition, clients often save money over the long run sticking with the traditional commission-based model.
The answer might surprise you.
Forty seven percent of caregivers have had to tighten their belts financially because of their caregiving responsibilities, a report found. An alert financial advisor can help the caregiver avoid financial hardship.
Researcher shows why advisors should show clients how to boost their Social Security and save their retirement by leveraging annuities.
Massachusetts regulators charged Scottrade with state law violations after the company allegedly ignored its DOL fiduciary rule compliance measures. Will similar investigations follow among other regulators?
One advisor is finding success selling long-term care insurance to millennials who want to make sure their parents have access to care if they need it.
Delaying Social Security us a time-honored strategy that can net a client up to 8 percent a year in benefits’ growth. But experts recognize there are times when an advisor must get on board with taking benefits early.
The National Association of Insurance Commissioners wants to produce a annuity transactions best interest model law each state could then adopt. But its draft law is drawing fire from both sides who consider it both too weak and too strong.
When it comes to planning for long-term care, advisors and clients have three main options — self-insure, long-term care insurance and life insurance with a long-term care rider. All have positives and negatives.
Even though many registered investment advisors offer insurance, a large percentage of them refer their clients to an outside insurance advisor, a survey found.
With Monday’s sharp downturn, the Dow Jones has lost about 2,200 points since Jan. 26, a decline of nearly 10 percent. But financial advisors say that is just a normal correction to recently explosive market growth that was unsustainable.
Should brokers be able to call themselves “financial advisors?” One organization doesn’t think so, and has sent a letter to the Securities and Exchange Commission asking the agency to police the title use.
Fresh off a growth capital investment from Eldridge Industries, DPL Financial Partners announced the addition of 10 new professionals, including a half-dozen experienced insurance consultants, accelerating its initiative to bring low-cost, commission-free insurance products to RIAs and their clients.
Many factors — among them, economic surprises, strong manufacturing activity, and a weak U.S. dollar — point to continued strong earnings across all sectors through 2018, economic analysts say.
Advisors across the industry are being given the go ahead to text clients. Companies such as Merrill Lynch and Voya have strict guidelines on texting, but executives say they must be active in a communication channel favored by so many Americans.
The U.S. economy is rolling along on all cylinders. But analysts say there are reasons for concerns as many impacts are expected through the end of the year.
Turnkey asset management programs (TAMPs) have grown significantly in recent years, but that growth might be coming to an end due to a variety of factors.
The financial world could see an exodus of advisors from firms in the coming months, one analyst says. Advisors are expected to leave while they still can do so without penalty as more and more firms plan to exit the broker protocol agreement.
The stock market continues to hum along generating strong growth, but could a correction be around the corner? Some analysts say real estate lending offers investors correction protection while maintaining strong returns.
Survey data is finding that younger investors are not benefiting from the bull stock market nearly as much as they should. Moreover, many young people don’t have much knowledge, or pay much attention to their investments.
With algorithms taking over the decision-making part of investing, the role of financial advisors in wealth management is shifting from advisory services to client services.
