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Bank of the West's push into the high-net-worth wealth management market appears to be paying off.
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Under a new compensation structure implemented at the beginning of the year, advisors are paid a salary plus a quarterly discretionary bonus, marking a major shift from being paid solely on commission.
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Welcome to the biggest issue of Bank Investment Consultant that we've put together in my time here. Fittingly, it's also one of the most important. Last year I proclaimed our annual retirement issue to be the most important of the year. This year, we've packed even more important and actionable information into an even bigger volume.
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Bank advisors don't have as many options as those in the independent or wirehouse channels when it comes to their own retirement planning. So a few are coming up with innovative ideas.
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One of the biggest hurdles to adequate financial preparation is human inertia.
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Advisors don't need to devote hours a day to get started with social media a simple weekly message or educational information that engages people is a great start.
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Corporate America is full of once-successful businesses that failed to keep up with consumer trends it's a mistake to think that banks aren't susceptible too.
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These 20-somethings are just beginning their saving and investing journey and there's no time like the present to get them on the right track.
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Impulsive investors have migrated from one asset class to another, resulting in a series of asset bubbles. If you zig when they zag, you can find buying opportunities.
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Many banks rely on the "prayer method" and ignore the one potential advantage they have when it comes time to staff up.
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As an advisor, it is important to stay on task. Every day brings unexpected events. How you handle them is critical.
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Three case studies show how advisors are helping their clients meet life's challenges and prepare to live out their sunset years in style.
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Are you trying to achieve something, or just trying not to fail?
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Is a youthful indiscretion with a fake ID reportable on your U4?
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Using the latest technology, these advisors have perfected their client touchpoints.
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The demographics mean your book is worth a lot right now. But the tides are about to turn.
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With caregivers and family the most common culprits, advisors have become a first line of defense.
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If your partnership agreement includes a mandatory retirement age, now might be the time to reassess.
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Now is the time to bone up on your firm's anti-money laundering policies and learn how to spot the funny money.
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Robert J. Ellis, an assistant professor of finance and international business at Ithaca College, discusses why he believes his undergraduate course could change the wealth management demographic.
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