Practice management

Don’t cry over spilled milk. Learn how to make the most of your mistakes.

Social media is starting to shake up the world of wealth management, but amid some big success stories, many advisors are unclear whether it’s worth their time.

Dan Dillard launched a video effort that’s on the verge of reaching thousands of clients beyond his book of business. Here’s the second part of his story.

Morgan Stanley Wealth Management has snapped up five financial advisors from UBS who previously managed $750 million in client assets.

Which part of your client-facing process is the weakest link? It’s time to fix it.

Advisors who want to optimize the value of their firm may be in luck.

The advisor population is “stagnant and aging;” older advisors may not relish the hassles of a moving to a new firm. Meanwhile, barriers to entry for new financial advisors remain high–less than 15% of trainees succeed in establishing a viable business.

Using its muscle to influence the debate as federal officials gear up to establish tighter regulations on the advisory world is the Financial Services Institute’s top priority this year, organization executives said Tuesday at the group’s annual conference.

Advisor Dan Dillard launched a video effort that’s on the verge of reaching thousands of clients beyond his book of business. Here’s part-1 of his story.

Facebook, which is used by 85% of advisors that are using social media, is far and away the most widely-used application, followed by LinkedIn (56%), Twitter (44%), Google (34%) and YouTube (31%).

If you want better new hires, improve interview process.

Share your thoughts on engaging women clients. Is it different?

WealthEngine has introduced a platform that helps advisory firms locate and profile high-net-worth individuals.

According to a recent “Investor Watch” report from UBS Wealth Management Americas, long-term care is respondents’ greatest personal financial concern.

Tales of professional athletes facing financial ruin are all too common. Whether it’s squandering millions or getting swindled by shady business and investment consultants, some athletes’ wealth falls as quickly as it rises.

A good old-fashioned team meeting can help prevent errors that stem from miscommunication.

What type of investments do you avoid? Do your clients understand why?

Are you neglecting women clients and their specific needs in the financial planning process?

You’re great at talking to clients, right? Now make that skill translate for the camera.

If confirmed by the Senate, veteran prosecutor Mary Jo White would assume responsibility for moving ahead with a number of initiatives that would reshape the regulatory landscape for advisors