3 Things Advisors Can Do to Help Clients Avoid Panic
When the market has a bad day, managing clients' emotions is half the battle. Make a plan to prevent panic in the first place.
Citi Overlooked a Few Thousand Illegal Trades
A major job of banking compliance is to keep separate a bank's trading and relationship functions. Citigroup Global Markets sometimes messed up that separation.
AUM or Flat Fees? Start and End With Your Clients’ Needs
Once you’ve determined who your target clients are and what services you will provide, decide how to charge them based on their needs, not yours.
How Not to Conduct a Legitimate Study on DOL Fiduciary Costs
FSI/Oxford surveyed BD and clearing firm execs to get “cost estimates” for the DOL proposal, and then ran those “predictions” by other FSI member BDs.
Lesson Learned: One New Piece of Tech at a Time
Goal: Add software to become more efficient. Challenge: Adding more than one at a time can slow you down.
Financial Planning: Great Tool, Bad Product
AUM or flat fees? In the end, a client's financial security is attained by growing investment portfolios, not by the plan itself.
Guggenheim, the SEC and Milken's Shadow
Did the former junk-bond king act as an investment advisor? Regulators seem to have spent two years investigating just that.
Advisors Must Use a 'Gender Lens' to Better Serve Women Clients
The founder of Wealthrive says advisors must approach women's financial needs in a more nuanced manner if they expect to adequately serve them.
Live by the Code! The SEC’s Ethics Code, That Is
Unlike the Mafia, the SEC wants supervised persons to always rat on their friends and never keep their mouths shut.
The Advisor’s Journey to CRM Success, Pt. 1: Mapping It Out
In the first post of our series, we map out the steps to choosing and implementing a new CRM system.