Practice

Robo advisors are gaining traction, especially among millennial investors, who are very sensitive to competitive pricing. Extensive automation will be needed to defend against them.

Grading clients on actions they have taken over the years can be valuable in helping advisors know where to expend their energy.

The world’s biggest investment managers have won a reprieve from plans to label them as systemically important, staving off tougher regulation, as global authorities reassess the move.

A yearly withdrawal of 4% of savings, adjusted by inflation every year, may sometimes outperform annuities; Plus, five critical mistakes people make with Social Security.

Although the 4% initial withdrawal rule has historically done well for retirees, it may not always produce the same results; Plus, tips for retirement savings and why bonds should be a part of your client's portfolio.

Pershing CIO Ram Nagappan offers a framework to help advisors think about how to transform their businesses to digital.

Wealth management is still a work in progress and must be sculpted to meet the demands of wealthy individuals, says Sebastian Dovey of Scorpio Partnership.

Advisors who defect from wirehouses notice almost immediately the benefits of no longer facing constraints set by a large employer's compliance officers. But the newly independent advisors must ensure that they stay within the boundaries of regulatory requirements and that compliance never becomes too time-consuming.

Some breakaway advisors duplicate some of the rah-rah found at their former employers, others relish the newfound informality, but either way, they get to set the tone.

Betterment CEO Jon Stein says his firm is adding 1,000 accounts a week to the tune of about 94,000 with a total of $2.3 billion AUM. Over 30% of assets come from clients age 50 and up, he adds.