Practice management

As a longtime proponent of flat fees, I see a lot of pain ahead for firms that rely solely on assets under management.

Bank tellers, call-center employees and support staff are part of the roughly 70% of American workers who don’t have the ability to work from home.

Senior leaders at the No. 1 IBD meet daily about the pandemic as large enterprises set their own continuity plans into motion with an eye toward ensuring operations.

The company's bank tellers, call-center workers and support staff are part of the roughly 70% of American workers who don’t have the ability to work from home.

Many advisors can make the switch from a traditional office to one right down the hallway — but it comes with its own set of ground rules.

The firm is experimenting with new, virtual capabilities to permit staff to work remotely amid an unprecedented health crisis.

Many advisors aspire to serve the coveted group without really understanding their needs, wealth management marketing entrepreneur April Rudin says in an episode of Financial Planning’s Invest Podcast.

Wall Street’s nonstop aggressiveness is clashing with the demands of a deadly pandemic.

Before you do anything else, make sure your practice is optimized for a remote-office situation. Are there compliance standards you need to meet?

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.

While many institutions are taking protective steps, others want to stay open to promote public confidence in the banking system.

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

First, prove you’re listening; then make sure they know you’re taking action to protect their portfolios.

“We are trying to balance the health and safety of the [CFP] candidates with their desire to complete the exam,” CEO Kevin Keller says.

Wealth management firms should track the lives they impact beyond the size of their client books, KMS Financial Services CEO Erinn Ford says in an episode of Financial Planning’s Podcast.

Some attorneys say it's welcome relief, but how long will it take to get new hearing dates?

For firms that haven't recently updated their capabilities, the next few months will be a rough wake-up call.

It’s a strict move for a firm whose advisors are known for a retail approach to client service and acquisition.

Advisors may find it difficult to connect with the people who need financial help the most.

You might consider an assistant, paraplanner or even another full-fledged advisor. I won’t debate the importance of these roles, but I would like to offer an alternative for your consideration.