Wirehouse Bleeding of HNW Assets Stabilizes: Cerulli
For the first time in recent memory, wirehouses are retaining their share of assets, including those of high-net-worth investors.
IRA Rollovers Face Scrutiny by ERISA Panel
The volume of retirement assets rolling out of defined contribution plans has gotten the DOL's ERISA Advisory Committee’s attention.
Alternative Asset Managers Targeting Retail Market: Cerulli
“These firms have been hard at work identifying ways to make illiquid private investments more mainstream and allow smaller investors into their funds,” Cerulli says.
Assessing the Annuity Landscape
Some advisors swear by annuities while others steer clear of them. Whichever camp you fall into, here are some annuity trends to watch.
4 Next-Gen Advisors Reshaping the Industry
These four young advisors are not mere rookies. They are tech-savvy, forward-thinking professionals who know how to attract a new generation of wealth creators.
The Fall of the Face-to-Face Client Meeting
Recent studies find face-to-face meetings are happening only once or twice a year; most clients, especially younger ones, prefer virtual settings.
Surge in IRA Rollovers Intensifies Competition for Assets
“Firms must be creative with their marketing and adapt quickly” to capture more IRA rollover business, Cerulli says.
Most Advisors Don’t Know Their Own Fees
Nearly two-thirds of advisors underestimate their fees by more than 30 basis points, a survey by Peak Advisor Alliance and Cerulli found.
Retirees Suffer as 401(k) Rollover Boom Enriches Brokers
A three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
Vehicle-Neutral UMAs Lead Managed Account Growth: Cerulli
Vehicle-neutral unified managed accounts are growing faster than any other kind of managed account program, according to Cerulli Associates.