The Personality Trait That Predicts Financial Health
A new study shows little correlation between financial knowledge and financial health, finding instead that a deeply rooted personality trait is at play.
This Guy Made Advisors Lose $20 Million Accounts
Many RIA firms dread SEC audits, particularly unscheduled ones, but there’s a new auditor in town who may be looking over your shoulder.
Legacy Clients: What’s Missing in the Fee/Commission Debate
A discussion on converting clients from commissions to fees raises some interesting points.
Top 12 Countries With Most Millionaires: 2014
Wonder where the wealthy live? Capgemini and RBC Wealth Management list the nations with the most high-net-worth individuals.
Biggest Retirement Income Gap Seen for Oldest Pre-Retirees
If older pre-retirees want to keep up their current standard of living, they have more work to do than younger pre-retirees do on saving.
As Population Ages, It’s Not Your Grandma’s ‘65 and Older’
Census data show big changes among the 65-and-older set in Internet usage, causes of death and a rise in the older dependency ratio.
Still Trying to Understand NAPFA’s New Membership Rules
I spoke to the fee-only organization’s CEO, Geoffrey Brown, but I remain confused. How about you?
Fund Firms Lag in Social Security Support to Advisors
Only BlackRock is recognized as a Social Security resource by a majority of advisors; the Social Security Administration is the top source of information overall.
How to Succeed as an Introverted Financial Planner
Extroverts may be held up as the ideal—especially in financial planning, where it's all about relationships—but introverts have much to offer, especially to clients.
Merrill: Using Clients’ Emotions to Build Better Portfolios
Merrill's Michael Liersch is using behavioral finance to zero in on clients’ unique investment personalities to reach better outcomes.