Clients should use the first-in, first-out strategy when selling stocks or funds in their portfolio to avoid hefty penalties; Plus, why middle class households are saving more than the rich.
What makes a big producer as opposed to a small one? Why do some advisors grow quickly while others barely get by? Learn what's really behind success in this industry.
As an advisor, you're not necessarily obligated to vote proxies for client portfolios. But you must make sure your policy is articulated clearly. Here are a few things to keep in mind.
Young HNW investors are very comfortable with digital wealth management tools, and many don't even have (or seem to need) an advisor.
D+H will pay $1.25 billion in cash for Fundtech, which is based in New York. D+H and Fundtech have a combined 8,000 clients.
Scott Powers retires as head of State Street Global Advisors in Boston.
Nearly half of Americans are saving no more than 5% of their incomes, while 18% are saving nothing at all, according to a new report.
Floating rate funds offer solid income, but can be extremely volatile.
Raymond James added a Wells Fargo advisor who managed $175 million in client assets.
The advisor, now barred from FINRA, allegedly violated his firm's policies and FINRA rules when he borrowed money to build a oceanfront vacation rental.
The pace of RIA dealmaking has leveled off over the last few years, with no increase in the number of deals over the previous year and aggregate AUM acquired ticking up only slightly to $47.4B from $43.7B, according to new data from Schwab Advisor Services.
Long, who oversaw 400 advisors at Wedbush, parted ways with the firm earlier this month.
The overall retirement system in the U.S. works, but a few improvements are necessary as people need guidance on how to grow their savings, experts say; Plus, the steps retirees need to take in order to live comfortably and not outlive their money.
"We're monitoring the situation in Indiana pretty closely, and will consider a range of options," says NAPFA chief executive Geoff Brown.
Everybody wants to lose weight, but who's got the time to exercise? The same problem exists in personal finance management.
Fedcoin could have a lot of benefits, such as helping unbanked buy goods and pay bills online. But about those "know-your-customer" risks...
Alternative financial service providers that sell prepaid cards, bill pay, check cashing and other services to underbanked consumers are becoming more sophisticated with the ways they mine customer data.
Revenue grew faster than assets for advisors, a PriceMetrix report finds -- but average client age is now nearly 62, and increasing at a rate of roughly 6-7 months per year.
Four advisors joined the firm from rival brokerage D.A. Davidson.
Tax season is supposed to be over on April 15. But among certain groups -- especially the wealthy -- filing for an extension until Oct. 15 is now routine.