The Advisor's Role in Preventing Abuse
Noting in a jointly published 2008 report that securities professionals are “on the front lines” to spot possible financial abuse of an older client, NASAA, FINRA and the SEC suggested watching for these red flags
The Password Is Dead
No company or consumer is safe from cyber-attacks, and financial services firms represent a huge opportunity for hackers.
5 Protection Questions for Older Clients
Since fiduciary duty and regulatory rules require advisors to protect client privacy, you can't simply contact the kids to report a parent's mental slide. However, ignoring suspicious symptoms may lead to later charges of malfeasance by a client's family.
Millennials Near Tipping Point: Are You Ready?
“My whole practice is based on the hypothesis that millennials are too busy, finance is complicated and they are looking for an outsourced single quarterback to make their life easier with someone they can trust,” says a millennial financial planner based in the Cleveland area. He's right.
Getting New Clients: The New Wealth Manager
There are tried and true ways to get new clients, but will that change in the new wealth management landscape?
“The fault, dear Brutus, is not in our stars, but in ourselves.”
The Changing Face of Wealth Management
If you want to be a wealth manager, Pershing's Mark Tibergien likes to say, it helps to have wealthy clients.
Protecting Grandma From Elder Abuse
Imagine a broker driving an 83-year-old widow with Alzheimer's to local banks so that she can withdraw over $1 million from CDs.
Women and Wealth: The New Wealth Manager
A 2014 study from the Center for Talent Innovation reports that women control—not just have influence over—27% of the world's total wealth.
Stock Price Path Drives Investing Decisions: Behavioral Finance Study
When a big game ends in a tie, fans' reaction depends on how their team got there. The same goes for stock investing.