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Recruiters predict discontent will lead to more advisor defections.

Tweets are ‘static content’ in the eyes of Morgan Stanley Smith Barney, which operates a network of 18,000 financial advisers.

Tweets are 'static content' in the eyes of Morgan Stanley Smith Barney, which operates a network of 18,000 financial advisors.

The amount pales in comparison to the $2.3 billion loss Zurich investment giant UBS took in its third quarter for an “unauthorized trading incident” that it says it detected but failed to act on.

Mutual fund managers prided themselves on sticking to their investment mandates early on in the financial crisis of 2008. This, even as the average U.S. stock fund fell nearly 30% in value. They counseled investors to do the same. Three years later, there is a new direction for funds: the flexibility to go anywhere, to pay closer attention to macroeconomic and market trends, and to even hunker down in cash.

The financial crisis of 2008, when the S&P 500 lost 39.2% in value, and the ensuing market volatility in the three years since, have served as a sobering wake-up call for the wealth management industry. And are dramatically changing the way it plans to do business in the years ahead.

At the start of October, the Investment Company Institute announced it was going global. Or, rather, it announced the creation of ICI Global, a new arm that would as a trade association for global investment funds, their managers and investors.

Getting started in social media is a lot like getting started in investing. It pays to have a plan. If you are like most advisors, you’re probably just getting started. For you less is more. Here are seven broad components to include in your social media plan:

Getting started in social media is a lot like getting started in investing. It pays to have a plan. And, much like investment planning, TJ Gilsenan, the Web Savvy Advisor, says social media planning involves assessing where you are now, determining where you want to go, and establishing a plan to get there. If you are like most advisors, you’re probably just getting started. For you less is more. When it comes to your social media plan, start with the big picture. Focus on broad subject matter areas first, then zero in on the details. Here are seven broad components to include in your social media plan:

Getting started in social media is a lot like getting started in investing. It pays to have a plan. And, much like investment planning, TJ Gilsenan, the Web Savvy Advisor, says social media planning involves assessing where you are now, determining where you want to go and establishing a plan to get there.