Women Start Planning Early for Retirement
Whether they’re Millennials, Generation Xers or Boomers, American women are actively considering their future retirement and financial security, a survey said.
Practice Management
FAs Seek Better Culture, More Independence
Advisers are leaving their firms for various reasons, most often citing culture, the desire for more independence, and disagreement with the senior management philosophy.
Firms Increase Recruiting Efforts for New Advisers
The increased competition for top talent among broker/dealer firms has caused many firms to step up the recruiting initiative, according the latest Cerulli report.
B-Ds Dealing With Dwindling Numbers of Advisers
The number of financial advisers in the U.S. declined from 256,569 in 2005 to 245, 831 last year.
DCIO Most Profitable Platform Market For Asset Managers
The defined contribution investment-only (DCIO) market offers dramatically higher profit margins for asset managers than those found in other platform markets, and firms will be growing their personnel...
DC Consultants Adjust Offerings to Address New Trends
The defined-contribution (DC) plan consulting business is changing to adjust to new plan trends by, among other things, offering custom target-date funds and adding inflation-protection investment vehicles to...
High-Net-Worth Investors Trust Advisers, Not Fund Cos.
A survey said 87% of investors have a high degree of trust in their adviser, but a majority are dissatisfied with the fund industry.
Plan Sponsors Paying for Adviser Services Directly
The majority of retirement plan expenses are paid by the plan sponsor, but many plan sponsors do not review the fees paid to their adviser, a recent survey...
Large 401(k) Sponsors Want Expert Advisers
A new Spectrem Group survey of large 401(k) plan sponsors found the sponsors are looking for advisers expert in a particular service and will bring on more than...
Bill Would Open CalPERS to Private Sector Workers
Californians who don’t have access to a retirement savings plan at work could be able to set up a 401(k)-style account through the state of California under a...
Study Touts Web as Sales Tool
Advisers covered by wholesalers and who use the Web as an effective sales tool averaged 25% more sales than those who do not use the Web, according to...
Advisers Say Many Clients Need More Time Before Retiring
Nearly half (46%) of the advisers in a recent poll said their clients are still tracking their expectations of a decade ago for a timely retirement.
PLANSPONSOR Announces Winners of 2008 Retirement Plan Adviser and Adviser Team of the Year
John Barry of Torrance, California has been named the 2008 PLANSPONSOR Retirement Plan Adviser of the Year and FFoA in Pearl River, New York has been named the...
Economic Slump Leads Advisers to Asset Managers For Help
A recent study suggests current economic woes may lead financial advisers to rely more heavily on asset manager leadership.
Schwab Sees Roth 401(k) Takeup Rates Rising
The number of employers offering a Roth 401(k) showed a dramatic increase between 2006 and 2007, according to data released by Charles Schwab.