Charles Paikert

Steps firms can take to better serve advisers and become industry leaders.

Even as markets regain footing after vote turmoil, there is still a “dark cloud” that advisers must be ready to discuss, says Greg Valliere, chief strategist for Horizon Investments.

LPL touts its size and scale as a plus to attract advisors, but the company's heft can also work against it, consultants say.

Ash Narayan "secretly siphon[ed] millions of dollars from accounts he managed for professional athletes," the SEC alleged.

"I expect a seismic change as product manufacturers will have to adapt to the new rule," says NextCapital's Rob Forreger.

The year-old automated advice service is revealing some new ways advisers use robos — and it's quelling some big fears.

"If you're a financial services company and you're not thinking of yourself as a financial tech company, then you're probably in a declining business model," says Rob Foregger, co-founder of NextCapital.

"Clients that are buying your services on price are clients that you don’t want," says consultant Jamie McLaughlin.

Better engagement and smart analytics can "lift revenues significantly," according to the Global Wealth Report.

The deal follows a string of acquisitions by prominent private equity firms.