Practice management

Markets are pretty efficient in the long-term but can be wildly inefficient in the short-term. And the short-term is where advisors can provide value to clients.

A run-down of the stories in this issue, including a special report on the state of wealth management.

Wells Fargo President and CEO Danny Ludeman discusses the challenges of marketing and winning new business.

U.S. Trust's Keith Banks says being a part of bank of America helps him deliver more than just wealth management services.

Bob McCann, CEO of UBS Group Americas, says while independent channels are making in-roads and can't be ignored, the threat doesn't keep him awake at night.

Tash Elwyn, President of the Private Client Group at Raymond James, discusses succession planning.

Morgan Stanley's Greg Fleming sees managed accounts as the crown jewel of his business, and expects only minor changes in wealth management in the coming decade.

Merrill Lynch's John Thiel predicts that in the not-too-distant future, RIAs will grow up to look just like their wirehouse competitors.

In this special expanded report on wealth management, On Wall Street’s editor interviewed ten of the most influential executives in the industry to find out where the business is heading, what challenges keep them up at night, and how they’re working to create a sustainable business model that puts clients first while maximizing company revenue, all in the face of increased regulatory scrutiny. Read their insights and observations in the State of Wealth Management.

Jim Weddle, managing partner at Edward Jones, the opportunity for financial advisors is huge as baby Boomers seek expertise as they start seriously saving for retirement.

Deutsche Bank's Chip Packard and Haig Ariyan discuss lessons the industry learned in the past five years.

Patrick O'Connell, Ameriprise Advisor Group, Executive Vice President, says the issues relating to Baby Boomers heads the list of vital issues for the market.

As consumer assets grow, wealth management opportunities abound for big firms.

But experts say politics will likely put changes to tax code on hold.

After an investigation reveals mislabeling, advisors told to stop describing themselves as "fee-only" on the CFP website.

The CFP Board's abrupt changes of planners' listings on its website and its offer of amnesty to rulebreakers raises questions about previous sanctions.

The changes to the Home Equity Conversion Mortgage program introduce credit underwriting criteria to the product for the first time, which until now only had been using actuarial standards in the decision making process, a reverse mortgage specialist said.

If a storm similar to Hurricane Sandy makes landfall, how many homeowners would default on their mortgage?

The firm snapped up four Merrill Lynch advisors overseeing a total of $3.1 billion in assets.

The agency's chief administrative law judge has dismissed a commission order instituting cease and desist proceedings against two UBS executives in Puerto Rico for allegedly misleading mutual fund investors.