AIM has appointed
Last November, new SEC rules regarding auditor independence took effect. The new rules were intended to clarify which non-audit services provided by independent auditors endangered their independent status. The amendments also narrowed the scope of the rules, by limiting the people associated with an auditor to whom the rules apply. According to the SEC, the new rules had no substantive impact on the propriety of direct investment by auditors in audit clients.
With trillions on the table, advisors who know how to start conversations with clients' heirs risk losing far less than those who don't.
Retirement savers often don't realize what they're paying in fees or how much they can lose by leaving rollover cash uninvested, but advisors can help on both fronts.
A succession merger deal that was nearly 10 years in the making at Nebraska-based Prairie Wealth Advisors offers a lens into the many factors involved with the wealth management industry's looming financial advisor retirements.
Altruist has earned legions of fans among financial advisors for sleek technology and low, clear fees. But its critics question whether that is enough to catch up to the giants that have dominated the business for decades.
As clients ask advisors for help navigating caregiving resources, advisors who are able to provide trusted referrals may find clients return the favor with referrals of their own.
An industry recruiter said departing Commonwealth teams tend to stick with brokerages because their objections are less to IBDs and more to LPL. Generous transition deals also help.
