Portfolio

Expected new chief for financial products is fueling speculation for more innovative funds.

Raymond James grabbed five multi-million teams in a month. Other firms to see big transitions include Wells Fargo and Ameriprise.

Casting a wider net for prospects is a classic case of mistaking motion for progress.

"I probably spent the first three years in the business not opening my mouth with clients and just learning from him," says J.R. Gondeck of HighTower.

You likely have helped plan your clients' retirement, now it is time to plan your retirement.

If clients tap their Roth accounts at the wrong time, even after retirement, they could lose out on some potential tax benefits.

Retirement investors may opt for whole life insurance, which offers tax-deferred growth on premiums, or a home, which they can sell with up to $250,000 (or $500,000 for couples) in capital gains tax exclusion.

The move marks the second wirehouse poach for the firm in as many months.

The firm said they now have lower net expenses than comparable offerings at Vanguard.

The nation’s largest independent broker-dealer has had a net loss of 121 advisors this year, mostly to three major OSJs.