Wealth management

For three days in late June, advisors, industry executives and fund managers descended on Chicago for the 2010 Morningstar Investment Conference. The audience received insight on the flash crash, international investing and the impact of the oil spill in the Gulf of Mexico. Industry bigwigs, including Vanguard's William McNabb, were among the speakers. (See part 1 here.)

Bank Investment Consultant Magazine's Top 20 Program Managers Awards honored program managers who bring out the best in their advisors. At a dinner sponsored by New York Life/Mainstay Investments in New York last week, the awards program celebrated managers whose advisors perform well above industry benchmarks.

For three days in late June, advisors, industry executives and fund managers descended on Chicago for the 2010 Morningstar Investment Conference. The audience received insight on the flash crash, international investing and the impact of the oil spill in the Gulf of Mexico. Industry bigwigs, including Vanguard's William McNabb, were among the speakers. (See part 2 here.)

While some financial companies worry about the ramifications of the sweeping financial reform that is set to pass, asset managers won’t feel the heat.

A lack of investor confidence in the market has triggered advisors to work feverishly to strenghten client retention techniques over acquiring new customers.

While half of RIAs’ new business comes from referrals, only 20% of advisors ask clients and centers of influence for leads.

SourceMedia's Women Advisors Forum descended on Chicago on June 16. The event offered an opportunity to network with the most successful and influential women financial advisors in the nation, while gaining insight into their career experience and rise to the top.

Advisers are missing opportunities to expand existing relationships and attract wealthy clients, according to a survey by ByAllAccounts, an account aggregator in Woburn, Mass.

Registered investment advisor firms need more capacity to handle client demand for professional financial planning advice. That aligns with the recent trend of wirehouse brokers getting fed up with that channel and considering doing business in the independent channel instead.

Charles Schwab opens the doors to its "virtual university" to help RIAs better utilize its technology

From June 1 to June 5, advisors affiliated with Royal Alliance came together for NEC 2010 in Orlando, FL. During this educational conference, advisors heard Royal Alliance executives and industry experts speak on a variety of topics from retirement and estate planning to practice management and technology. Attendees also took advantage of valuable networking opportunities with their peers.Below are photo highlights from the event.

As U.S. Trust continues pursuing its mission to expand its leadership position in wealth management and enhance its business with ultra-high-net worth clients, the firm announced on Tuesday that it appointed five senior-level wealth management experts to key markets nationally.

More than 200 top financial advisors, planners and RIAs attended the recent Women Advisor Forum in New York City, where attendees learned about some of the best ways to build a book of business and tips on how to gain referrals of high net worth clientele. Sessions included career advice and a powerhouse panel of top investment directors, EVPs, and CEOs speaking about how they overcame career obstacles. (Our next Women Advisor Forum takes place on June 16 in Chicago. Click here to register or find out details about the event.)Below are photo highlights from the New York event.

Insitutional broker-dealer M.S. Howell has opened an RIA division, as all eyes focus on the ability of smaller firms to survive.

From May 11 to May 14, advisors affiliated with SagePoint Financial gathered for the 2010 National Education Conference in Orlando, FL. During the conference, advisors heard the latest news from SagePoint executives and listened to industry experts share their views on topics from Social Security to real estate during the many educational sessions offered. The conference also provided an excellent opportunity to learn from, and network with, other advisors.Below are photo highlights from the event.

U.S. Trust plans on hiring over 200 people in 2010 in order to expand its wealth management team.

What does an advisor need to do to get a sales assistant and who pays for that person? Experts at our Retirement Roundtable explore these and other questions in the final installment of a six part podcast.

A Heisman Trophy winner and former vice chairman of Citigroup Private Bank, has been named to Wilmington’s advisory board.

More than 25 investment managers have already signed on to the platform.