For the third year in a row, LPL Financial plans to institute some kind of fee increase. The one slated for 2014 is on the firm's third-party money management platform and has some advisers unhappy. Bruce Kelly has the story.
Advisers - and their $800M in client assets - join Northstar from Essex.
VisionPoint Advisory serves corporate retirement plans, private clients.
Gen Xers and Millennials approach financial advice differently than their parents. Advisers need to learn what makes them tick to hold onto the family's assets.
With a shortage of advisers facing the industry, the cost to keep them will continue to go up, Fidelity's Waldemar Kohl said. The median compensation cost per lead adviser has grown to $174,000 this year from $165,000 in 2009, according to numbers presented at the conference. And personnel costs make up about 70% of adviser expenses.
A group of veteran Morgan Stanley managers has broken away from the wirehouse to form a partnership with Raymond James to offer equity ownership and succession planning to advisers.
Anyone who thinks they have busy days should listen to Chris Pollard's tale. This Regent Wealth Management Group financial adviser spent a year activated in the Army National Guard as a budget analyst by day — while serving his 100 advisory clients at night and over the weekends.
When your clients wake up in the middle of the night with sweaty palms, what are they afraid of? What is it they ultimately want you to protect them from?
IRS also sets tax break for single filers at $5.25M
Median investment adviser under SEC regulation has $270M in AUM, 92 accounts, and eight employees
Firm reports double-digit revenue gains in three units; 15% growth overall.
Ajay Gupta and partners managed $540 million at wirehouse; clients include new-age guru Chopra.
The beefing up of Raymond James' RIA business continues as affiliated RIAs will have access to the firm's alternative investment platform beginning in September.
Revenue, income, earnings up small, EPS miss expectations.
Revamp aimed at streamlining coverage of RIA, B-D, bank, and retirement-plan clients
Rudy Adolf of Focus Financial has done the math: Wall Street wirehouses destroy close to $50 billion of portfolio value each year with "unnecessary fees and depressed performance based on poor product choices, or both."
Traditonally "the seller" has had more information and it's been a "buyer beware" situation, said Daniel Pink, author of "To Sell is Human: The Surprising Truth About Moving Others," at the Financial Planning Association's national conference in Orlando on Saturday. New technology is giving more power to the consumer.
Financial advisers who integrate technologies will pay more than those who buy separate software solutions, but they stand to gain in annual income as well as future positioning. Liz Skinner reports live from FPA Experience in Florida.
Trestlebridge Capital has left Ameriprise Financial Services Inc. in favor of LPL Financial LLC for its brokerage assets and Flagship Harbor Advisors for its registered investment adviser assets.
RIAs appear to be losing their competitive edge. Why? Wirehouses and regional firms are adopting some of their practices.
