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NAPFA compensation committee member says AUM fees for cash raise conflicts
Advisers cutting fees for managing low-yielding cash positions has become popular but critics, including a NAPFA compensation committee member, say the practice presents big conflicts of interest.
Wealthfront, Edelman clash on robo-advisers
The old guard of wealth management clashed with the new as Ric Edelman delivered a bleak assessment of his peers' future during a spirited debate with Adam Nash, the top executive at Wealthfront.
Adviser pool continues to drain, losing 2% in 2013
According to new data, adviser headcount fell by 1.9% in 2013, as about 5,500 advisers left the industry and were not replaced.
Good looks aren't everything, but it might help you attract more assets
In today's Breakfast with Benjmain, looks might help money managers land more assets, but they also tend to underperform. Plus: Darryl Strawberry's contract balance goes to the highest bidder, Florida investment manager charged with bilking $17M from clients, and a hedge fund manager uses proper ...
In Obama's State of the Union, advisers see a 'provocative' call to tax wealthy
When the president delivers his State of the Union address tonight, he will make proposals that could change the basic assumptions advisers rely on for wealthy clients. (See also: 13 crucial state tax changes.)
Repeal of Obamacare emerges as a market risk
On today's Breakfast with Benjamin, the market's reaction to a repeal of Obamacare might not be pretty. Plus: Financial advisers take on defined contribution plans, cheap oil uncovers driller debt burdens, and Kraft Foods gets (Cadbury Crème) Egg on its face.
U.S. economy reclaims post as global growth engine
On Monday's Breakfast with Benjamin, the U.S. economy reclaims the post of global growth engine, though the Federal Reserve remains all quiet on the rate hike front. Plus: How to invest when a rosy jobs report hurts stocks, Goldman picks a list of losers, and millennials go home for financial ...
Upgrade your website or drive away business
Most advisers don't appreciate the critical role sites play in bringing on top clients.
Latest twist in robo-advice: Actively managed funds
Schreiner Capital Management is turning up the heat on the fast-evolving robo-advice game by employing actively managed and alternative-strategy mutual funds on a new platform called ALTS.The use of active funds in a robo-adviser is believed to be an industry first. Brian Schreiner, president of
Optimism abounds for financial advice industry in 2015
Vast majority of advisers expect the U.S. economy — and their own businesses — to keep on humming.
SEC works on rule requiring practice transition plans
The regulator wants advisers to develop continuity plans to avoid major disruptions to clients and markets.
Fidelity Institutional weighs own robo offering
Months after teaming with Betterment, Fidelity has added LearnVest to its platform, and may even one day launch its own automated advice platform.
Don't underestimate the potential impact of Tony Robbins on the financial advice arena
Tony Robbins might be one of the few people with the intelligence, experience, empathy, drive and powers of persuasion to move the advice industry forward. Related: Tony Robbins wants to be the new voice for independent advisers
GOP Senate win gives it the clout to change Obamacare
With Republicans leading the House and Senate next year, the possibility of some reforms to the Affordable Care Act are possible. The rules around the employer mandate seem to be those most likely to find compromise within the Congress and at the White House.
Look for the next-gen candidate who interviews you: Expert
Look for the next-gen candidate who interviews you: Expert Young advisers need to demonstrate 'fire in the belly' Nov 7, 2014 @ 2:56 pm By Liz Skinner + Zoom "The students that do the best are likable and coachable, and they have a passion in their belly for this work." - Derek Klock, associate
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