Financial Planning Magazine - September 2022

Scarlet B?

The word 'broker' carries negative connotations. But to many wealth management professionals, commission-based shops are valuable to a transforming industry.

These are the largest firms with financial advisors who work with broker-dealers but aren't their employees.

Financial Planning's Rising Stars Award recognizes professionals who have bright futures in the profession.

Wealthspire's Anora Gaudiano, one of FP's 2022 Rising Star Award winners, broke into planning after almost two decades as a journalist.

The legal agreements surface broad issues about saving and spending that are key to long-term financial health.

Lower investment values, lost wages, and high home prices make this an expensive time to split.

The results come from the College for Financial Planning’s first cohort of scholarship winners.

A new Accenture study shows more than 80% of advisors believe AI will soon have a “direct, measurable and consistent impact” on client-advisor relationships.

An independent investigation found no evidence of a pact with Wells Fargo’s attorney but omitted mention of the other big questions emanating from the case.

Wall Street’s regulator is following the recommendations of a little-noticed government watchdog report last year. But it refuses to share the full findings.

Enforcement Director Gurbir Grewal said the answer to the question of whether the rule has changed anything “remains to be seen.”

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

Stock market woes are depressing earnings for advisors who charge on client assets, but the pass-through benefit and a health insurance deduction can alleviate a lot of the pain.

With five charts analyzing the latest figures, separate fact from fiction while Congress keeps failing to enact any comprehensive reform.

According to a new study, boomers are likely to deplete their savings much faster than previous generations — but advisors can still help.

The agency is continuing its focus on firms that have never been examined, including recently formed ones.

Hedged strategies out of favor since the 2007-08 financial crisis could prove useful to older investors in today’s downward-moving markets.