Portfolio

More than 25% of the products were sold with shorter or static maturities in the first quarter, compared with only 10% for the same period last year.

Wealthy clients certainly expect more of their advisors — but technology won't do the job on its own.

The losers “offer exposure to extremely narrow and volatile segments of the market,” an expert says.

Traditional lenders usually refused cash-strapped minority seniors, which explains why they became such easy prey, an expert says.

The firm hopes to follow advisors' lead on what's best for their business in its outsourced advisory models, says CIO Burt White.

The regulator disclosed a transformative rule change, sparking outrage among fiduciary advocates and some advisors.

“When we think about these offerings, there are no hard lines that are drawn here,” said Merrill Lynch boss Andy Sieg.

But the new rules may be a boon for some fintech firms.

Fee pressure and improvements in data and analytics are among the leading issues the industry faces today, executives say.

The barriers for firms to enter into multiple financial services has dropped significantly and digital advisory firms are taking advantage.