Practice

Wells Fargo has snapped up new advisor hires with more than $1.99 billion in assets under management in its Private Client Group, bank branch-based Wealth Brokerage Services and independent Financial Network in the past several weeks.

On June 7, 2012, Apple is creating a lot of buzz in the retirement and exchange-traded product space and not because of a new product launch.

This week, IRA expert Ed Slott answers questions about the tax implications of inherited IRAs.

Scott & Stringfellow named Bryan Cram president of its private client group. Cram he plans both internal and external expansion of the retail business.

They’re skeptical, cynical and probably way too dependent on mobile computing devices. But advisors who don’t make the effort now to target and cater to Generation X and Generation Y investors will pay a steep price in the next decade as their bread-and-butter Baby Boomer clients transition from wealth accumulators to wealth distributors.

Advisors who want to position themselves for growth should set their sights on the next generation of investors who are poised to inherit unprecedented wealth.

In testimony before members of a House committee on Wednesday, Richard Ketchum, the chairman and CEO of FINRA, offered an enthusiastic endorsement of a legislative proposal to establish a self-regulatory organization to oversee RIAs.

“It’s who, what, why, where, when and how much,” says Nick Niemann, an Omaha, Neb., attorney wo has worked with hundreds of financial planners and their entrepreneurial clients.

At UBS Global Asset Management, the push to outsource all middle office operations, from portfolio tracking to fund accounting to performance reporting to general administration proved to be a "daunting task."

The 2012 John Hancock Trust Survey found that 84% of investors surveyd strongly trust their financial advisor, while primary doctors were “strongly trusted” by 79% of those surveyed and accountants by 74%.