A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald...
How to Pay off Payday Loans
Here's how to pay off your payday loans. Read these payday loan tips before you apply and learn how to get payday loans paid off and avoid legal hassles.
How Lower Fees Could Put Independents on Top
Asset management fees are coming down as lower-cost passive investments take center stage and calls for radical transparency in fee disclosure get louder This means change is coming to the wealth management arena as well, say industry experts How this plays out for individual advisors will depend on their technology platforms and, according to Shirl Penney, CEO of Dynasty Financial Partners , on their ability to articulate value and offer distinct services under clear pricing policies. New York-based Dynasty provides a la carte infrastructure support and related services to about 40 RIAs. For Penney, the fact of “fee pressure and the fear of margin compression” among wealth managers is “undeniable” as “the rate of innovation” in…
Advisors Need to Follow More of Their Own Advice
As financial advisors juggle an onslaught of challenges from fee compression to the urgent need for viable succession plans in a fast-aging industry, few think to apply remedies they urge on clients every day, practice management consultant and ex-FA Hoon Kang writes for Advisor Perspectives But they should, Kang urges. After all, they’re out there helping clients “transcend” wealth and invest in “lives fully led.” So why shouldn’t they take time to consider exactly what — beyond just money — they want from life and work But when Kang asks advisors such questions in his capacity as a succession planner, most have no clue what to say. “If I had to guess,” he writes, “they’ve never…
Financial tips for women getting a divorce
Separate all spousal property and accounts immediately