Portfolio

The wirehouse is also simplifying its small household policy and boosting its emphasis on financial plans.

As this firm founder took stock, he realized his needs had changed over time.

Self-directed brokerage accounts at the firm hold about 20% of their portfolios in cash.

Technology can speed up the planning process, but advisors still need to smartly allocate human resources.

The firm also opened a new branch office to house its recruits.

“The market is actually using proxies for understanding ESG data,” says BlackRock’s global head of sustainable investing.

Waiting too long means clients will miss out on the opportunity to maximize the plan’s full tax benefits.

“If done correctly, dividend-yielding stocks are the gifts that keep on giving,” an expert says.

As Bob Dylan once sang, “the times they are a-changin.”

Banks are hoping strategies like technology-enabled portfolio trading will help them grab a bigger slice of the shrinking fixed-income pie.