Are You a Crummey Advisor or Just a Crummy Advisor?
When it comes to passing your clients' wealth to the next generation in the most tax-efficient way, you definitely want to be a Crummey advisor.
Advisor Prepares Pro Athletes for Life After Sports
Lee Rawiszer creates lifetime plans for incomes at risk of meteoric rises and crashes — sometimes after meeting the client for less than 15 minutes.
Wealth Clients Want Financial Planning, Most Not Getting It: Report
A report by CEB TowerGroup says firms that move away from an investment management approach to a financial planning-centered one will be rewarded.
Art an Asset Class? Wealth Managers, Collectors Say Yes
The global wealth management industry may be starting to adopt a strategic view on art as an asset class, says new report from Deloitte.
Global Billionaire Population at Record, With $7.3 Trillion in Wealth
Billionaires make up 1% of the world’s ultra-high-net-worth population, according to the Wealth-X and UBS Billionaire Census, yet they control 4% of wealth.
Why Advisors Fail to Land Hot Prospects
You’ve got a crack at a multimillion-dollar account. You go in there with everything you’ve got. And you lose the opportunity. What happened?
7 Ways to Avoid Picking a Bad Advisor
If a veteran Wall Street Journal editor covering wealth management gets duped by his advisor, Eric Nelson says, what chance do ordinary investors have?
Top 10 Best Paying Jobs: 2014
These 10 jobs all pay median salaries in the six-figure range, but most require an advanced degree.
Andy Friedman: 4 Reasons to Use a Trust to Preserve Assets
Families far below the estate tax threshold are catching on to the benefits of trusts, political analyst and tax expert Andy Friedman says.
Ultra-Wealthy Clients Choosing Boutiques Over Big Firms: Study
Milton Pedraza, CEO of Luxury Institute, says successful wealth managers are relationship builders first, money managers second.