Financial advisor news, market insights, and practice management essentials.
They ‘undermine FINRA’s foundational mission of investor protection,’ says the Public Investors Advocate Bar Association.
Pro bono work is often a priority for financial advisors, but less than a fifth of CFPs actually volunteer.
Some worry about adding to the already ballooning national debt, while others applaud extending the Tax Cuts and Jobs Act.
Apollo Global Management CEO Marc Rowan believes that allocations to private markets will make up a third of client portfolios in the future.
Teams of 10 or more advisors are becoming the norm, according to new data from AdvizorPro.
The proposal is designed to give a larger swath of investors access to private offerings.
These myths can keep advisors from providing the best service to clients.
The SEC has allowed testimonials in advertisements since 2022, yet less than 10% of advisors use them.
Advisors are getting creative with more services and non-traditional fee models.
Over the past eight years, Kapoor has helped the company expand its workforce to over 10,000 employees and boost its stock price more than threefold.
Just 6% of advisors nearing retirement have a fully documented succession plan, raising the risk that their businesses will lose clients and struggle to find leaders.
Economic uncertainty and rising geopolitical tensions have family offices becoming more selective with their allocations, per BlackRock.
The Social Security trust funds will only be able to pay out 77% of benefits by 2034, a new report from the administration found.
The nonprofit certification body has formed a working group to address the challenges and opportunities of AI for advisors.
The majority of 401(k) participants are planning for retirement without the help of advisors, according to a new Cerulli report.
Investors appear to be punishing the muni market, which comprises about 9% of the $47 trillion US bond industry.
The bill would require tokens to be backed by liquid assets including the US dollar and short-term Treasury bills.
For years, Mitch Slater urged UBS to let its advisors launch their own shows. Now, more than 50 advisors have them.
Even for grunt work tasks, unchecked AI use can wind up hurting relationships.
While talent is crucial, success hinges on a leader’s ability to unite individuals behind a common goal.
