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Financial advisors and investors should brace themselves for increased market volatility brewing for after the November election as the U.S. heads for tax increases and budget cuts at the end of the year, according to new research from Cetera Financial Group.
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Wirehouses are set to lose 7% market share in the next three years, according to a report released Monday by Cerulli Associates. "These survey findings indicate a shifting advisor base between channels, with a lot of activity moving away from the wirehouse firms," Bing Waldert, director at Cerulli, said in a press release.
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Big changes to the continuing education requirements for planners are expected next month following a meeting of the leadership of the CFP Board.
October 1 -
The weeks following the November Presidential election that will run up to an impending fiscal cliff, where tax hikes and budget cuts come due, can be summed up with one word: volatility, according to new research from Cetera Financial Group. But both a Democrat or Republican presidential victor will likely have a sway on the markets. Here's a look at how Cetera sees certain sectors faring after the November election.
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Clients with family members with a special need, be it developmental, physical, cognitive or a mental illness, make up a significant number of clients, but the majority of advisors are not serving them, said Mary Anne Ehlert, a financial advisor and founder of special needs advocacy firm, Protected Tomorrows.
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Vanguard Group Inc., the biggest U.S. mutual-fund firm, attracted more money from investors in the first nine months of 2012 than it has in any full calendar year in its 38-year history.
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Citi Private Bank has hired foreign exchange trading expert Oscar G. Salem as director and foreign exchange investment specialist. In this newly created position, Salem will oversee the bank's currency business in the Southwest region.
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Some people say social media for advisors is a waste of time. Not so for Cathy Curtis, of Curtis Financial Planning, now a division of ClearRock Capital, LLC. Curtis has social media use to thank for the merger.
October 1
Financial Planning -
Before choosing an advisor, Ed Slott believes every client should ask these 10 important questions. (And some top advisors weigh in with their best answers.)
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Advisors flock to the Financial Planning Association annual conference to rub shoulders with and learn from peers with big client rosters and multibillion-dollar assets under management. But more than 100 attendees of the nearly 2,000 planners here have a far more modest AUM: zero.
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