Practice management

Like immigrants adjusting to a new culture, newly wealthy families adjust in different ways. Here's how financial advisors can help.

From why one RIA created an all-female advisory firm in order to improve its service model to how companies are finding the best job candidates using social media, here are the notables and quotables from the past week's stories.

Justin Reckers and Michelle Smith explain how and why to look into a wealthy client's assets during a divorce.

FINRA found that LPL didn’t have a reasonable system in place to determine whether purchases of alternatives would cause a customer’s account to be unsuitably concentrated.

'CARDS would be a massive and invasive regulatory undertaking with serious privacy implications ... and added technology costs and regulatory burdens,' according to a SIFMA statement.

Xerox is repurposing its Safe Courier app, which lets people scan and send financial documents like loan applications and tax paperwork on their smartphones, for the financial services industry.

Justin Reckers and Michelle Smith explain how and why to look into a wealthy client's assets during a divorce.

"There's still an employee mentality, even if an advisor is the founder or principal of a firm," says Stratos CEO Jeff Concepcion.

Reluctant advisors are advised to get over their reservations and start extending their marketing efforts to social.

Caveats aside, advisors can use social media to boost their business and build stronger relationships with clients.

Heavily discounted, online rivals are challenging the planning profession's right to exist. Here's how to fight back.

Big Blue is trying to combine the products of several security-tech companies it has bought in recent years into a fraud detection system that compliance-minded banks want to buy. The challenges facing the vendor and its clients overlap considerably.

Bankers should view complaints on sites like Facebook and Twitter as an opportunity to publicly score points with customers.

The ability of advisors to recruit and manage millennials will likely play an important role in the industry's sustainability.

To help clients, make sure you understand the answers to a few of the most common Medicare questions -- and can suggest resources for more information.

The Washington, D.C., area firm hopes its six-member board will help it better understand and serve female clients.

Raymond James is recruiting the industry's top talent at the expense of the wirehouses.

Citi Private Bank has quietly overhauled its app for customers with at least $25 million in net worth in recent weeks.

Low-deductible plans have thrived under Obamacare -- offering new tax strategies for both clients and advisors.

A Morgan Stanley broker and the managing clerk at the law firm Simpson Thacher & Bartlett LLP were arrested today for an insider-trading scheme that authorities said netted $5.6 million in illicit profit.