Portfolio

Bank of America has launched a campaign around socially responsible investing that is designed to enhance products and services available to a growing segment of clients concerned with value-based investing.

Two of the most influential organizations in the world of independent planners, the CFP Board and NAPFA, do not agree on the definition of one of the most hot-button terms in the profession: fee-only.

AMG Wealth Partners has taken a minority stake in Tarrytown, N.Y.-based Clarfeld Financial Advisors, a $4 billion firm with a London office that specializes in serving wealthy U. S. citizens living abroad. The investment is the second since the division was formed two years ago as a subsidiary of AMG, which has more than $470 billion in assets.

Responding to increased client demand, the firm has launched new efforts to enhance its socially responsible investment options.

LPL wants its advisors to know that it has heard their complaints and is doing something about them.

Since 2008, investors have sought new investment strategies less affected by market downturns. At the same time, many hedge fund managers who survived the collapse with positive returns are looking to expand their offerings to the retail market. Adding budget cuts and new regulations to the mix creates a recipe for potential problems.

LPL Financial wants its advisors to know that it has heard their complaints and is doing something about them.

The majority of American workers accept responsibility for financing their own retirement and are relying primarily on their 401(k) to get them there, but many lack the confidence to effectively manage their retirement savings.

Raymond James has added to its Private Client Group (PCG) with a key senior management appointment.

Let’s start with the basics: If you are not engaging people on social media as a financial advisor, it’s time to catch up.