A client who earns a higher income than her spouse is advised to file for benefits before reaching full retirement age so her husband can begin getting a spousal benefit.
Dwight Freeney, who played with the San Diego Chargers last season, claims the bank set him up with an unqualified private banker and her "notorious financial predator" boyfriend, according to court documents.
The two advisors were banished from the industry late last month for allegedly stealing money from customers, joining nine others who have been barred by FINRA so far this year.
Wealth management firms are implementing more behavioral bonuses while also making a larger share of comp deferred.
In the search for profitability, some banks are opting out of the commission model of compensation. But will fixed salaries for advisors help grow their wealth management business?
Management is pushing advisors new directions, implementing more behavioral bonuses and restricting payouts on small household accounts.
Wells Fargo's commitment to its branches stands out in an industry whose customers are shifting more of their banking activity to mobile devices and PCs.
The wirehouse landed five recruits from Stifel, Morgan Stanley and RBC.
As growth in the region creates more millionaires, Citigroup is targeting a 10% increase in its Asian wealth assets under management this year.
A former Swiss asset manager pleaded guilty to helping U.S. clients hide millions of dollars in offshore accounts and avoid paying federal income taxes.
The SEC furthered its investigation into whether senior asset-management executives at JPMorgan Chase developed a policy of improperly steering clients into investments for the firms own financial gain.
Advisors face a shifting landscape on both competitive and economic fronts. Many argue that it's time to scrap the AUM fee altogether.
Professionals like doctors and lawyers often face extra-high debt loads, special needs and an array of tough choices. Here are a few repayment strategies that your clients should consider.
As economic landscapes shift, RIAs are going to need to rethink the ways they charge clients and deliver service.
Clients should use the first-in, first-out strategy when selling stocks or funds in their portfolio to avoid hefty penalties; Plus, why middle class households are saving more than the rich.
What makes a big producer as opposed to a small one? Why do some advisors grow quickly while others barely get by? Learn what's really behind success in this industry.
As an advisor, you're not necessarily obligated to vote proxies for client portfolios. But you must make sure your policy is articulated clearly. Here are a few things to keep in mind.
Young HNW investors are very comfortable with digital wealth management tools, and many don't even have (or seem to need) an advisor.
D+H will pay $1.25 billion in cash for Fundtech, which is based in New York. D+H and Fundtech have a combined 8,000 clients.
Scott Powers retires as head of State Street Global Advisors in Boston.