While practice management experts said advisers must maintain a fine line between finances and personal issues, it's not uncommon for advisers to forge close friendships with their clients.
Reflecting the rebounding economy, financial advisers are attending more conferences and taking more courses for continuing-education credits.
When Charles Miller decided to leave the financial advisory profession to head an international non-profit heart foundation, he spent six weeks convincing his clients to stay with his former advisory firm.
Like many financial advisers, Rick Kahler struggled for years over whether to hire a peer to review his personal financial plan.
The transition support received when an adviser moves to a new broker-dealer tops the list of improvements registered reps want from their independent broker-dealer, according to the results of a new survey.
When Robert Dowling was unable for weeks to get in touch with a client by phone — or leave a message — he bought that customer an answering machine and sent it to him with a pre-recorded message.
VVV Research and Development Inc. conducted a national survey on behalf of broker-dealer Cambridge Investment Research Inc. In the survey, 648 representatives were surveyed about their experience with their broker-dealers. As part of the survey, advisers listed areas in which they said broker-dealers needed to improve.
For the first time in Villere & Co.'s 99-year history, advisers will not be required to wear suits to the office Friday. Instead, reps and other workers from the New Orleans firm will don Saints jerseys in support of their hometown team's Super Bowl appearance Sunday against the Indianapolis Colts.
Financial advisers, pressed for time, increasingly are turning to podcasts to help them keep abreast of regulatory issues, management best practices and marketing trends.
