Person Root Tag

One suggestion planners say they are offering bullish clients: Don't be extreme.

Gap in coverage concerns older clients; planners are also taking a closer look at HSAs.

"There is an added sense of urgency now," says Barbara Roper, director of investor protection at the Consumer Federation of America.

Even among the wealthy, a growing number of clients want more digital engagement, says CEO James Gorman.

James Gorman laid out plans for the wealth management unit, which turned in record earnings for the fourth quarter.

The advisory business ended the year on a strong note, boosted by growth in net interest income, which rose 14% year-over-year.

Advisers have been warned: SEC's exam guidance to focus on cyber threats and issues involving seniors, leaving little excuse for noncompliance.

Planners act on expectations of pro-business, anti-trade initiatives by the incoming administration.

With a deep résumé representing Wall Street firms, Jay Clayton is seen as a business-friendly choice not expected to push major new regulations or ramp up RIA exams.