Practice management

Financial advisors sometimes puzzle over how to effectively reach and serve black and Hispanic clients. A Vanguard study released recently suggests they can start by drilling home a simple message: emergency savings accounts are a must.

About 85% of asset management firms and insurers have seen increased brand awareness on social media platforms, but many have yet to monetize the medium, according to a new study.

Joel Blumenschein, a Wisconsin RIA, has resigned from FINRA after settling a disciplinary case alleging he failed to supervise a broker at his firm.

UBS Financial Services Inc. of Puerto Rico and two of its executives have been charged by the SEC with misleading investors and its own financial advisors about the market risks associated with the sales of 23 closed-end mutual funds.

Perella Weinberg Partners has added former Morgan Stanley executive Michael McGrath as a partner in its asset management group.

The four firms were fine a total of $9.1 million for not having adequate supervisory systems in place for billions of dollars of sales of leveraged and inverse ETFs.

The company has nabbed two veteran Morgan Stanley Smith Barney financial advisors for its Dayton, Ohio, branch.

The aim is to maintain consistency in imposing sanctions for similar offenses.

Concert Wealth hired Leslie Ferrone to join its Oak Brook, Ill., office.

In another move to ramp up its services to affluent and high-net-worth clients, Bank of the West has formed a team dedicated to helping its wealthiest customers with their personal real estate lending needs.

While we spend most of our efforts the rest of the year covering advisors in the bank channel, we set aside one issue to devote to the bosses: the program managers.

Many advisors will say they grow via referrals. Fine, but how often do you really get a big referral? In the meantime, here are some other ways to grow your practice.

Standing out is tough when the crowd is so large-so here are some ways to make yourself unique, build your "brand" and outpace the competition

John Thiel of Merrill Lynch points to Apple's innovative marketing

Personal experience has prompted one Ameriprise advisor and his team to build an unexpected niche.

Here's how to turn inactive clients into productive ones.

Profitability has become a serious challenge for independent broker-dealer firms, according to a survey by Cerulli.

The community, called Connect: Professional Women’s Network, will provide content and news on topics including finding success, creating new businesses and balancing work and life. The group is aimed at helping female professionals connect with other female professionals.

Gordon Morse worked Smith Barney and Bear Stearns, managing and developing branch offices, before working at Raymond James.

The group, which collectively manages $18 billion of client assets, plans to meet on a regular basis and provide “thought leadership” to independent and wirehouse advisors.