Practice

Financial advisors are concentrating too much of their resources on baby boomers and not enough on the next generation of clients, suggests a new report from Cerulli Associates.

Two U.S. Senate aides nominated to join the Securities and Exchange Commission will get a confirmation hearing before the Senate Banking Committee on June 27, according to a Senate announcement today.

It’s common knowledge that Americans aren’t saving enough for retirement. But just how large a deficit is startling.

The California Public Employees’ Retirement System, the largest public pension fund in the U.S. with approximately $260 billion in assets, has made a few changes to its investment fund lineup for the system’s Supplemental Income Plans (SIP).

Assets in defined contribution plans flowed to target-date and international equity funds in 2012, according to a new tracking tool launched by the Defined Contribution Solutions group at Northern Trust.

The first decade of the 21st Century dramatically changed the landscape for financial advisors.

Assets in defined contribution plans flowed to target-date and international equity funds in 2012, according to a new tracking tool launched by the Defined Contribution Solutions group at Northern Trust.

DCIO sponsors take heed.

When advisors are asked to describe their compensation on the FPA website, they can choose to check one of four options: fee-only, commission-only, a combination of fee and commission, or salary. But as one prominent advisor recently learned, those options are dangerously limited, given the industry’s often complex business models -- and the answers that planners select can contain minefields for the advisors, their firms and their clients.

Driven by difficult market conditions and higher levels of anxiety among investors, the question of whether or not advisors are "stealing" client has been coming up more frequently in the past few years. The overall growth rate for advisory practices has been stagnant for a decade, which is pushing sales management to scrutinize who is growing and why.