by Patrick M. Kelly | Mar 26, 2014 | Financial Services Industry
Financial advisors are failing to give clients the bottom-line fee disclosures they want.[pullquote]81% of clients said they were looking for an approximate calculation of fees based on their portfolio[/pullquote] According to a recent survey of 250 advisors and...
by Patrick M. Kelly | Jan 31, 2014 | Financial Services Industry, MyRA
From praise to scorn was the reaction on Wall Street to President Obama’s announcement in his State of the Union address of the new MyRA retirement plan for low- to middle-income Americans. But one thing is for sure, many big questions remain to be answered. “The very...
by Patrick M. Kelly | Nov 18, 2013 | Financial Services Industry, RIA
In an interview with Kris Frieswick reporting for OnWallStreet, John Thiel, head of Merrill Lynch Wealth Management, discusses what Merrill is doing to meet the competitive challenge of the RIA model. “The number one thing clients want is transparency. They want...
by Patrick M. Kelly | Oct 17, 2013 | Financial Services Industry
“One of the most pronounced trends we’ve seen in recent years is the call for wealth to have a productive impact on our environment, our communities, and our society broadly, in addition to earning an investment return," says Andrew Sieg, the head of the...
by Patrick M. Kelly | Sep 27, 2013 | Financial Advisors, Financial Services Industry, FINRA
The proposal, passed by FINRA on September 19, would require brokers to tell clients of any recruitment compensation they receive in connection with the switch, including bonuses, loans and transition assistance. Customers will be told what the broker received in...
by Patrick M. Kelly | Sep 24, 2013 | Financial Advisor Job Recruits, Financial Services Industry, Job Market
“Financial services firms have to start recruiting the half-million college students who may be interested in becoming advisors, or risk having demand for financial advice outstrip supply within 10 years, according to a recent study, Regeneration: How Gen Y Could...
