Practice management

Baby Boomers are getting older and so are their advisors which means it's high time to start planning for the next chapter for both parties. But it's easier said than done.

Evolve or perish. That was the general theme of the opening keynote address here today at the National Association of Personal Financial Advisors' national conference delivered by Doug Lipp, a motivational speaker, author and former head of corporate training at Walt Disney University.

The new recruits previously handled $1.5 billion in assets under management at Bank of America Merrill Lynch, Citi Private Bank, Morgan Stanley Smith Barney and Oppenheimer Holdings.

The advisory profession needs to create a repeatable and transparent experience that is client-centric, similar to what iTunes did for music lovers and Starbucks did for coffee aficionados.

Myriam Soto and Douglas Schaenen will serve in new managing director roles, working to help expand BNY Mellon’s international wealth management business.

Kasina says the asset management firms listen to and engage with their audiences.

As the government builds a new regime for writing consumer protection rules, an existing bank regulator has put a twist on enforcing them.

To lead a successful financial advisory team an advisor needs four things: Communication, collaboration, structure and process, said William Stepanek of Morgan Stanley Smith Barney in a workshop during IMCA’s annual conference.

Dividing up computing capacity inside an organization is not only cutting a company's ties to fixed-in place servers -- it's cutting the cords of managers to the hardware that they are supervising.

The two-day collapse of Amazon Web Services last month is the kind of incident that underscores the concern that continues to keep critical applications, such as Wall Street's trading programs, out of remote, hosted online services and data centers, said Geoff Tudor, chief cloud strategist at Hewlett-Packard Company.

Younger planners have a lot to offer the industry but can face numerous hurdles to success, according to Joseph D. Pitzl, director of financial planning at Intelligent Financial Strategies in Edina, Minn.

A perfect storm combination of eroding social security trust funds, high unemployment and a flood of Baby Boomers all hitting retirement age at the same time will put enormous strain on the system for the next two decades and result force retirees and their advisors to come up with alternative retirement income plans and strategies to make ends meet.

The Financial Industry Regulatory Authority has fined Kane, McKenna Capital Inc. and Wulff, Hansen & Co. a total of $27,500 for municipal transaction disclosure and trade rule violations.

The FDIC on Monday announced it hired Bret Edwards as the director of its division of resolutions and receiverships. Edwards has been acting director since January.

The new searchable system adds another layer of transparency into the brokerage and financial advisory industry, on a firm and individual level.

Nine Tips to help you build relationships using new media and good old fashioned communicationma

Shawn Liebel and Kevin Forney join Morgan Stanley from UBS, while Robert Coloret and Mark Delmar join from Ameriprise.

Although when investors are surveyed almost all say they are satisfied with their advisors, the reality is that loyalty to an advisor is different than satisfaction, said Matt Oechsli of The Oechsli Institute at the IMCA annual conference in Las Vegas on Monday.

The federal budget deficit is estimated to skyrocket to $1.6 trillion this year, but Andrew H. Friedman of The Washington Update told a standing-room only crowd at IMCA’s annual conference in Las Vegas that there are still opportunities for investors.

Financial advisors looking for new high ultra net worth investors should set their sights on Asian countries like China, India and Taiwan that are home to a groundswell of super-rich entrepreneurs in need of sound financial advice.