Practice

As the deluge of boomer retirees begins, many have relegated Social Security to a marginal role in retirement planning. That's a major mistake.

Most businesses start out small, and many don't survive. But for advisors who take the long-term view, there is a wealth of opportunity.

After Pershing executive Mark Tibergien discussed the challenge of attracting younger graduates to the profession, Twitter user @jdillon910 replied:

Many people put little thought behind even the most basic decisions regarding Social Security. A recent report called "Understanding Social Security Retirement Benefits" from BlackRock addressed many of these issues. Here are a few of the charts from that report.

Profit sharing lies at the heart of Edward Jones' compensation plan, as the firm aims to grow its advisory staff and assets under management by more than a third by 2020.

A run down of stories in this issue, including our annual compensation round up.

Advisor compensation will grow in 2014, but to earn it advisors are being pushed to sell more than ever.

To build your business, get a hobby. Here are some ideas.

More emphasis on incentive pay, bonus pools and flexibility as firms scramble to lure and keep talent.

At the highest- performing firms, incentive pay and equity are becoming key components of advisor compensation.