Practice

Planners agree that the strategy is a boon for high-income clients, but controversy swirls around the issue of timing.

Children still like paper statements, but Mom and Dad's reliance on plastic has meant less loose change ending up in the piggy bank. Mobile banking is hot, but peer-to-peer payments are off to a bit of a slow start.

Crafting messaging goals for fund providers in an era of strict regulation can be stressful. But communications firm Blu Giant says there are ways to develop strategies, even for social media, that can keep a provider from drowning in too much information or sinking under regulatory fines.

Even if you still want to enjoy stepping back, consider what your practice needs to keep performing at an optimal level.

Advisors choosing independence do well as a pack.

Clients need to embrace new ways of learning in retirement because the deeply ingrained ways from earlier in life are less effective in later years; Plus, 4 ways clients are sabotaging their retirement in their 30s.

Gregory Fleming, president of Morgan Stanley Wealth Management, says advice and advisor training will always have a role in the advice sector, which also must address its diversity problem.

Burdensome regulation costs and the prospect of potentially even more scrutiny continues to frustrate asset managers, but new management strategies and the continued growth of ETFs have proven to be bright spots for the industry.

The world's biggest investment managers, from BlackRock to Vanguard, have a simple message for Mark Carney, head of the Financial Stability Board: Stop trying to regulate us like banks.

With a combination of the proper technology and the best practices for sharing relevant content, advisors can easily build their business network.