Advisors

Guido Mieth | DigitalVision | Getty Images Raymond James‘ independent registered investment advisors have reason to cheer. The firm announced on Monday that it is eliminating transaction fees for stocks, exchange-traded funds and options in a division serving those professionals. The move was announced on Monday at a conference in Bonita Springs, Florida, for the

Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images It remains to be seen how long other clients will stick with billionaire money manager Ken Fisher in the wake of off-color and sexist comments

Couple getting financial advice Getty Images Financial advisors are experts at helping clients plan for their futures. It turns out that many of these professionals often fall short when it comes to their own businesses. That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth

Towfiqu Photography | Moment | Getty Images If you can find your husband or wife online, why not your financial advisor? That’s why Andres Garcia-Amaya launched Zoe Financial, an online matchmaking engine that hooks up investors with registered investment advisors. A recent Stanford University study found that 39% of people surveyed met their spouse through

Hero Images | Hero Images | Getty Images Certified financial planner Ken Waltzer has an older female client who suffers from congestive heart failure. Given the high cost of her prescriptions, Waltzer recently became concerned by how much money she and her husband were spending. “I suggested that maybe I should talk to her doctor

Sam Edwards | OJO Images | Getty Images It’s evident that the financial advice business has evolved over the years. The industry continues to mature, and financial advisors are always finding ways to address and meet the demands of today’s investors. In fact, given the increased complexity of everyone’s financial lives, investors are eager to

Morgan Stanley signage on the door of their headquarters building in New York. Scott Mlyn | CNBC Morgan Stanley is offering a new tool to help financial advisors and their clients measure sustainable investing choices and how they perform in their portfolios. The analytics and reporting application, called Morgan Stanley Impact Quotient, was announced on

If some financial advisors seem to know clients’ needs before they do, there’s a good chance software is part of the reason. Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms. Yet at the same time, advisors have found that those digital advances have bolstered

Maskot | Maskot | Getty Images It’s an email every financial advisor should expect to receive at least once. Financial advisor Charles Failla recalls receiving an email from a client asking for about $5,000. She was vacationing in the Caribbean and claimed the hotel where she was staying didn’t accept credit cards. “She needed cash,”

Damir Khabirov | iStock | Getty Images “He who makes no mistakes makes nothing.” Talk about a silver lining, especially when applied to finance. This 200-year-old quote, attributed to Casanova, gives hope to all those ruing a grave error or missed opportunity. And it’s true: We learn what not to do going forward when we

JohnnyGreig | E+ | Getty Images While a gym workout can be a lot of fun, the cliche “no pain, no gain” is also true. The same goes with finances. Savers and investors who want secure financial futures tomorrow often have to face painful financial facts today — and it can fall to financial advisors

10’000 Hours | DigitalVision | Getty Images Doling out advice on money matters is the stock in trade of the financial advisor. After all, it’s in their job title. So financial advisors, financial planners, wealth managers and the like are used to offering up advice on a daily basis to paying customers. But what about

Jim McGuire | Getty Images The Social Security program is approaching insolvency. Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social

izusek | E+ | Getty Images Eat what you kill. It’s not the most subtle description of the career path for financial advisors, but it is accurate. Historically, the financial advice industry has been built around people who can come to the job and quickly build books of business to generate revenue. Young advisors have

Karen Simons Source: Karen Simons Karen Simons was out of the professional world for more than 20 years to raise her three children. Now she’s a financial planner at the investment advisory firm Yeske Buie. She made that change happen through a “returnship,” the grown-up version of a college internship that companies are increasingly offering

tommasolizzul | iStock | Getty Images The number of Americans prepared to meet their basic expenses in retirement has drastically declined in the last 20 years, according to research published by Boston College. This study confirms, at least to some degree, that it’s not only the millennial generation that has difficulty knowing when to cut

Feverpitched | iStock | Getty Images No two retirements look the same. But there is one thing all individuals face in their golden years: high health-care costs. Medicare beneficiaries will need as much as $400,000 for health expenses per couple, according to 2018 research from the Employee Benefit Research Institute. That is up from $370,000

Thomas M. Barwick | Getty Images Financial advisors have another “best interest” rule around the corner: This regulation applies to life insurance and annuity recommendations. New York is rolling out a regulation that will require financial advisors to place their clients’ interests above their own when they’re making recommendations around proposed or in-force insurance contracts.

manusapon kasosod | Moment | Getty Images As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could

Slocan Lake, BC Ira T. Nicolai | Stone | Getty Images It’s not every day that you’d tell a retiring client to ratchet up their stock exposure, but if she has some guaranteed income, it just might make sense. That’s because pension income, Social Security benefits and income annuities all provide retirees with a measure