Financial planning

Like former New York Mayor Ed Koch, firms need to answer the question, ‘How’m I doing?’

RIAs do have a fighting chance against the major players — but only if they are willing to shift their focus. Here’s how.

Like former New York Mayor Ed Koch, firms need to answer the question, ‘How’m I doing?’

The former advisor swindled 22 clients out of their funds, telling them that they were investing in tax liens when he was really using the money to pay his bills, authorities claim.

As the year draws to an end, clients will find that formerly robust market segments delivered mediocre results in 2015; Plus, despite loopholes in America's retirement system, there are strategies for clients to make the most of it.

The total number of advisors across the industry rose 1.1% in 2014, according to a report from Cerulli Associates. But the research firm warns they may fall again in years to come.

Fidelity's new program includes a discount on a service that monitors elderly clients' financial transactions for suspicious activity.

Build strong relationships with contacts, and give them an easy way to make referrals.

"Buyers are placing high strategic value on technology innovation," says David Selig, CEO of Advice Dynamics Partners.

A Merrill Lynch advisor who once generated $4 million in revenue has moved to Morgan Stanley. The firm was not the only winner last month in the competition for top talent. See this move and more in our latest recruiting roundup.

The recruits collectively had $1.7 million in annual revenue before making the move.

Seniors who have no need for required minimum distributions from their retirement accounts may re-invest the funds so the money can start generating an income again; Plus, seven retirement money wasters to avoid.

Client experience and advisory firm efficiency can be improved through this type of technology.

Client experience and advisory firm efficiency can be improved through this type of technology.

Fidelity has a new digital plan to work with advisors and is also developing a direct-to-consumer robo platform.

Chief executives from BofA and PNC raised concerns about the conduct of data aggregators and particularly how well they protect customer data.

The smooth integration of RIA firm Girard Partners is likely to entice the Souderton, Pa.-based bank to buy other RIAs as it seeks to grow its wealth management business.

Create a "culture of inclusivity," drop old-world ways and give young planners a voice in your firm in order to recruit and keep them, two experts say.

When the going gets tough, savvy financial advisors get in touch with clients.

Advisors can point clients to undervalued investments in the energy sector for tax-loss harvesting. Plus, avoiding the cost of MLPs in retirement accounts.