Practice management

Don't throw new hires into the deep end. Here are a few smarter ways to help them thrive.

Longtime recruiters in the advisory industry have been pointing toward a day of reckoning for years—and it couldn’t have come at a worse time.

The changing nature of retirement for clients is an opportunity for firms. "They’re still going to need advice, but the advice is going to take on a different form," says Merrill Lynch's John Thiel. "It is moving from investment advice to life advice."

Keith Banks, president of U.S. Trust, is searching for new talent in a unique place: within his own firm.

Mary Mack is not only president of Wells Fargo Advisors, she’s a client too. In an exclusive interview with On Wall Street, Mack talks about what it’s like being a Wells Fargo client, the direction of her firm and the changing landscape for advisors.

Janney Montgomery Scott lured away a husband-wife team from Wells Fargo Advisors.

Management fees can eat away most of a fund's yields says Vanguard's founder; Plus, what you need to know about Medicaid and long-term care and how two men who saved the same amount for retirement wound up $234K apart

An extension in the tax break for qualified charitable distributions may come too late for hesitant donors.

Deutsche Asset & Wealth Management spells out its plans to serve wealthy clients with complex needs and demands.

Banks have begun to tackle the impending advisor shortage, but many still haven’t turned talk into action. Here are a few ways they can.

Competitors are 'welcome to call' clients, says new CEO Douglas Wolford, who replaced David Zier after the latter's suicide -- but none have left, he says.

Policymakers are closing in on developing rules key to ensuring the ability of the government to take over failing behemoths, but the ultimate success of their plan may depend on how fast regulators can act.

Converting a traditional IRA to a Roth account before year's end can be a great strategy in tax planning; Plus, the myth of the dumb 401(k) investor and the new wage base for 2015 Social Security taxes and benefits

Top wealth managers share how they set strategic priorities, keep initiatives on track and get staff engaged in the process.

Ameriprise's executive vice president says the firm has spent a lot of resources, especially in the major markets and major cities, establishing training programs to bring new advisors into this business.

"We have to continue to grow and we'll be looking at acquisitions, mergers, tuck-ins and roll-ups, all of the above," says Mark Allen, president of Nebraska-based Allen Capital Group.

It's surprising how much advice varies about how to respond to customer complaints on social media. Ignore small threats, some say, while others warn banks to respond immediately because they could go viral. Still others think banks should overhaul their whole customer experience to disarm critics.

Where should clients put income from a side consulting job when they've maxed out their retirement plan contributions?; Plus, one of the most important retirement decisions you need to make; And don't the next downturn undermine your retirement.

The startup's software could make basic planning available to a much broader audience than the industry currently serves.

Want to insulate your firm from future crises? A few moves look sure to offer a payoff whether equities soar, plunge or just muddle along.