Practice

“The election could be disruptive to this rule,” Brian Hamburger predicted.

The San Francisco bank has snagged three advisers from City National Bank and Wells Fargo and added them to the team in California.

Strategies for advisers looking to get the most out of their pay packages, according to two leading industry experts.

The recruits generated $1.8 million in annual production before making the move.

Advisors able to analyze client data will be able to predict financial behavior, says Jud Bergman, Envestnet's chief executive.

This strategy for the qualified conservation contribution gets higher deductions, says Samuel Donaldson, professor of law at Georgia State University College of Law.

The Massachusetts-based planner, who allegedly told clients their money would be invested in a hedge fund, was also ordered to pay $1.89 million to victims.

In an unusual move, the two veteran advisers left the independent channel to rejoin an employee broker-dealer.

Previous investors were happy to let a Canadian firm be the sole investor, says Bill Harris, CEO of Personal Capital.

From handling the unexpected death of a partner to upgrading tech, planners give their best advice for building a successful practice.