Concerns about computer programming problems associated with the switch to the year 2000, the so-called Y2K problem, is prompting some shareholders to consider redeeming fund shares. A survey sponsored by DeRemer + Associates of Wrentham, Mass. and Prince & Associates of Shelton, Conn., found that about 14 percent of approximately 1,000 mutual fund shareholders surveyed would consider selling fund shares by the end of the year because of concerns about possible disruptions at the turn of the century.
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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.
August 12 -
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.
August 12 -
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.
August 12 -
Dispatch and NetLaw target two different kinds of relocation friction. One for advisors switching firms, one for clients crossing state lines.
August 11 -
Roy Swan of the Ford Foundation said the simplest implication of his new book may be a nudge toward donor-advised funds. But he argues for a deeper examination of popular assumptions around figures like Adam Smith and Milton Friedman.
August 11 -
A survey from the investment marketplace iCapital suggests that concerns about private credit have not derailed advisors' growing desires to place more clients in alternative investments.
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