I recently spoke to a roomful of financial advisers who focus on active investment management.
The trust factor within the world of financial services has been nuked — “getting Madoffed” is replacing “Ponzi scheme,” clients have become numb with fear and the adviser-client relationship will never be the same.
Many financial advisers are suffering a crisis of confidence that is hurting their relationships with existing clients and hampering their abilities to recruit new clients.
Arlene Moore has coped with the market's ups and downs more than 20 years as an adviser, but the most recent downturn has been different.
The following edited transcript is from “Are You an Emotionally Intelligent Adviser?” an </i>InvestmentNews<i> webcast held May 6.
They account for only a minuscule fraction of the world's estimated 100 million bloggers, but financial advisers who maintain their own commentary-oriented websites are finding that blogging can pay.
Guiding investors through the financial crisis has taken a toll on financial advisers, leading some to question their abilities, rethink their investment strategies and even take up yoga.
Among the more than 35,000 applications available for iPhones is a new one rolled out by Morningstar Inc. this week. Morningstar Mobile for iPhone (it will also run on the iPod Touch) is the first application for mobile devices created by the Chicago-based company.
Client retention — especially retaining your most affluent, profitable clients — hinges on successful communication.
In an effort to encourage people to continue to take its courses amid the economic downturn, the College for Financial Planning has cut the cost of one of its most popular courses by more than half.
One way to keep broker-dealers happy — or at least above water — is to help them keep their costs down.
Technology funds led equity funds in returns for the first four months of the year, according to Lipper.
One way successful advisory teams are realigning their resources and time is to outsource key areas of their business.
Running a successful family financial advisory business is much tougher than the smiling portraits posted on many firms' websites would lead a client or prospect to believe.
It happens all too often these days. You pick up the phone and there is an angry client on the other end. The market has dropped yet again. More money disappeared. Emotions are at the boiling point. How do you handle it?
The two largest organizations of financial planners are looking at ways to give members discounts on several kinds of insurance.
We constantly hear from advisers who want to start a simple birthday card mailing program, but then get too busy to execute the plan. The same thing happens with client events.
The fantastic growth among independent broker-dealers came skidding to a halt last year, but the results were far from disastrous — with some firms taking advantage of recruiting opportunities despite the revenue declines.
Brokers who are considering going independent are finding a bright spot amid the gloom: The cost of going it alone is down sharply.
