A new working paper by business school professors at the University of Chicago and University of Minnesota also found that industry-wide 7% of financial advisers have been disciplined for misconduct.
It is no secret that financial giants like Charles Schwab and Vanguard Group have disrupted the robo-adviser industry. Just look at their assets under management.
Time for advisers to double down on their 'you' advantage to fend off the rise of low-cost, tech-driven competition.
Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.
Marc Wyatt, head of the agency's inspections arm, says his division analyzes data from many more to decide which to target.
Advisers like David Adams, who works predominantly with musicians and entertainers, must march to a different drummer to succeed with celebrity clients.</br> <b><i>(More: <a href="//www.investmentnews.com/gallery/20160214/FREE/214009999/PH/9-tips-for-advisers-looking-to-work-with-celebrity-clients"" target=""_" rel="noopener">9 tips for working with celebrity clients</a>)</b></i>
Utilize technology to make interactions with clients more efficient and on-demand.
Without a clear why, it becomes difficult to help clients make the best financial decisions possible.
Brokers and advisers are not the only ones looking for more information.
Technology companies may be falling behind if they don't offer a client portal in some way, shape or form.
To reach this overlooked client pool, advisers must position themselves as trusted jacks-of-all-trades.
New research conducted over two decades across the 14 largest billionaire markets in the world found stark differences between the billionaires “of old” and today.
Railway moguls missed once-in-a-lifetime business opportunity in the early 1900s by not really understanding the business they were in. Are advisers doing the same thing?
For financial advisory firms, one of the biggest cybersecurity threats they face are hacked emails of clients and top managers designed to trick advisers and their staffers into transferring money or privileged data.
The DOL's Timothy Hauser said one possible change to the department's fiduciary rule could involve the controversial contract brokers must sign with clients.
Best business strategy is to try and stay as apolitical as possible in client interactions and public communications
What happens with the tech giant could have ripple effects for financial services. Regulators potentially may get stricter in investigations of brokers.
SEC now digging into rollover advice, other aspects of conflicts relating to retirement accounts
Mitigating political passions in meetings — whether for Trump or Sanders or anyone in between — can mean letting clients rage.
The brokerage industry's chief regulator will step down in the second half of 2016 after a successor is found.
