Practice management

Fewer retirees are expected to receive spousal or survivor benefits from Social Security and private employer-sponsored pension plans in the future, increasing their economic vulnerability, according to a new government report.

A small division of the firm previously engaged in illicit activities to shield U.S. funds from tax authorities, officials at Switzerland's second biggest bank acknowledged. But they insisted that internal reforms to curb those abuses have since been implemented.

Banks and credit unions need to up the ante if they want to lure advisors from other firms.

High-powered female professionals have a specific set of needs and expectations. Use these tips to make sure your service measures up.

Despite falling foot traffic, banks continue to be an ideal channel for anyone who hasn't developed a book that comfortably produces in excess of $500,000, says recruiting executive.

The Pittsburgh bank announced Monday it is using invoicing services from Bill.com, enabling it to turbocharge the cash flow tools it offers small businesses. PNC's investment is part of a nascent trend of banks stepping up their digital offerings for the customer segment.

Also: A Merrill breakaway team joins HighTower, Burnham Gibson expands and a Wells Fargo breakaway signs with Dynasty. Here's a roundup of some of the most recent moves among independent financial advisors.

Advisors grappling with hiring costs can take heart: Wooing and retaining young advisors goes beyond cash compensation, industry experts say. Consider including some of these benefits in your recruiting pitch.

Schwan Financial Group's Prepared Heirs program helps advisors connect with second-generation clients.

A digital presence is now mere table stakes. What you really need is a way to upgrade your social media strategy. Start with these tips.

With the advisor population aging and looking to retire, more wealth management firms are stepping up their efforts to recruit and train a new generation of advisors.

LinkedIn will not solve all of a financial advisor's marketing challenges, but it provides another arrow in his or her quiver.

From regulators on making improvements to the arbitration and expungement process to managers on why some of the most successful bank advisors are not relying on walk-in traffic, here are the most notable quotes from the past week's stories.

The bank agreed to pay $197 million and admitted that it improperly solicited thousands of American clients, ending a U.S. regulatory probe while a broader criminal investigation of tax evasion still looms.

The agency plans a deeper focus on the role and duties of financial advisors this year, says chairwoman Mary Jo White.

Moving ahead on priorities announced in January, the SEC says it will conduct examinations of a "significant percentage" of advisors that have not been examined since registering with the SEC.

Cambridge's Amy Webber says promotion is next step in complex internal succession plan.

Without viable succession plans, wealth managers are at risk of slowly drifting off into oblivion -- willing partners in their own firms' demise. It's negligent behavior, and anything but benign.

Firm's partners say they wanted 'control of our destiny -- we wanted to own our own equity.'

Make no mistake: Bringing on new talent is a high-risk endeavor. Be sure you get it right.