Greater use of centralized portfolio management means advisers are under pressure to prove their value in other ways, such as offering financial wellness programs.
Tag: Practice management
In addition, many are not confident in their firm’s cybersecurity.
The new PlanOnTarget initiative gives CUNA’s adviser clients new digital capabilities including self-service dashboards and enhanced analytics.
Some providers train call center staff to educate participants about the implications of taking a hardship and other options.
But, as the ranks of advisers nearing retirement grows, there is a need for formal succession plans, TD Ameritrade says.
The head of DCIO sales for Wells Fargo describes an encouraging trend in the way advisers are defining their value and assessing pricing that is fully rationalized and fair to both the client and the firm.
Ron Cohen, head of DCIO sales at Wells Fargo, compares the surprisingly wide gap between what plan sponsors expect from their advisers versus what advisers generally prioritize.
A lawsuit filed by UBS against a number of former brokers—accused of too aggressively soliciting old clients immediately after going independent—shows plan participants aren’t the only source of potential litigation.
As TIAA’s CEO for Institutional Financial Services reflects on the firm’s upcoming centennial anniversary, he’s confident Andrew Carnegie would be proud of where the company and its industry have come.
There are some important implications for the future of the retirement advisory industry in the organizational history of LPL Financial’s retirement arm and its acquired businesses, particularly NRP.
“Advisers who embrace technology—especially solutions to more efficiently handle tedious recurring client-service tasks—are going to be the ones who scale, grow and ultimately win.”
The new solution uses robo-advisory and automation technology from Trizic to enable FIS clients to cost-effectively manage smaller-balance accounts.
As one would expect, advisers have a greater impact on plan performance when they play a more active role in the retirement plan committee’s ongoing discussions and decisions about setting goals.
Informational materials on the redesigned site include “how to” articles and case studies.
The straight-through processing (STP) system is designed to help financial advisers open investment accounts with less paper and less room for error.
UBS will offer multiple ways for retirement account clients to pay their adviser, including through asset-based and commission-based structures, beginning imminently.
Experts ask, what role can or should the retirement plan adviser play in pushing employers to be more paternalistic and generous with employee benefits?
The most popular practice management programs this past year dealt with Social Security and managing portfolios in light of uncertainty in the markets.
New Cerulli Associates research identifies “pain points” at the root of advisers’ decisions to change firms—and what leadership can do to address staff concerns before losing key advisers.
The solution is built around automated newsletters that establish regular contact with clients and prospects.