Your wealthy 85-year-old client has spent his life assembling a multimillion-dollar collection of rare <i>objets d'art</i>. He's also got a wine cellar full of Chateau Mouton Rothschild and a set of rare pool cues.
Many wealth managers get into the business with confidence and high hopes, envisioning that intelligence, ambition and devoted customer service will prevail.
As Congress heads toward its summer recess, it looks unlikely that legislators will make progress any time soon on the estate tax. That leaves financial planners and their clients in the lurch.
When courting potential clients, advisers typically trumpet their services —as they should. But advisers need to go beyond the standard tick box of offerings.
HighTower Advisors LLC, a dually-registered firm that has been successful in luring talent from wirehouses, today announced that it is furthering its expansion efforts by hiring two recruiters who will focus on the Midwest and Western regions of the country.
Elliot Weissbluth calls suit an intimidation tactic designed to deter other advisers from leaving
HighTower Advisors LLC last Tuesday announced that it had snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
Jeffrey Sica spent more than four years plotting his move from Wells Fargo Advisors LLC to independence but stumbled a day before he planned to give notice.
Women control about 27% of the world's wealth — roughly $20 trillion — but many feel that their advisers patronize them. What's more, many contend that they don't get the same “square deal” as men.
TD Ameritrade Institutional reported today that it has attracted more breakaway advisers to the firm during the first nine months of its current fiscal year than it did in all of fiscal 2009.
Registered investment advisers are starting to increase compensation levels at their firms — and are also spending more on employee benefits — according to a survey from TD Ameritrade Institutional.
Envestnet, a Chicago company that provides Web-based services for financial advisers, filed for an initial public offering of stock worth up to $100 million Friday.
The FBI said Wednesday the operators of a Connecticut-based company have been arrested in New York on securities fraud charges.
CRM Software Inc. has released significant updates to both its popular CRM system and its separate ClientView Live secure web portal.
Rockefeller & Co., Inc., the wealth management firm that has been looking for a chief executive since the suicide of CEO James McDonald last fall, has changed its name to Rockefeller Financial.
With their day-to-day business practices likely to change as a result of the new financial-reform law, broker-dealers are scrambling to assess their technology preparedness.
Ray Walker was happily employed as a financial adviser at Merrill Lynch & Co. in San Francisco until a gulp of wine coerced him into leaving for France to buy $140,000 worth of grapes with a dream to rival powerhouse Burgundy domaines such as Romanee-Conti and Corton-Andre.
