Financial Planning Magazine - June 2023

Wealth management's $1T conflict of interest

Understandable expenses came out ahead of every other "want" among customers, displaying how transparent costs are an important differentiator for advisors.

As the big firms keep getting dramatically bigger, industry consultant Advisor Growth Strategies says smaller advisory practices should find scale or get a niche.

Asian Americans and Pacific Islanders have unique planning needs that aren't always met in the industry.

Even though there's not a way to predict who might face the next wave of layoffs, advisors can help clients prepare their finances.

Researchers find that performance expectations are highest among people who invest in environmental, social and governance causes for moral reasons.

Compliance experts say financial advisors who boast publicly about their investment prowess should make sure they have support for their claims.

In a new risk alert, the Wall Street regulator warns about lapses with cybersecurity, email and third-party vendors.

Cash sweeps are lucrative to brokerages and custodians, but not to clients. Here's what financial advisors should know about how they can get greater yield for clients' liquid assets.

From home repairs to transportation, here's what seniors spend more on than they expect.

The old-age insurance program is on course to go bust in the early 2030s, right when the last of the boomer generation will reach retirement age.

While a securities-based loan is more commonly used to buy a fancy house or take a dream vacation, it's also an underused strategy for some affluent investors to pay large tax bills.

Americans pay billions of dollars in taxes each year when draining their retirement plans as they change jobs. The "leakage" doesn't bode well for long-term savings, data shows.

FINRA and NORC survey results suggest the flood of new investors hasn't slowed since the pandemic, and many of them are coming for digital assets.

Turmoil is a time for independent advisors to show why they're worth it.

Personalization, customization, flexibility and adaptability are the goals, writes the technology director at J.P. Morgan Wealth Management.