Financial Advisor Blog - Page 54 - Financial Advisor Transitions

Fee-Only Advisors Propel Surge Toward Low-Cost Funds

August 10th, 2023

Morningstar reports that investors managed to save approximately $9.8 billion in fees for open-end mutual funds and exchange-traded funds (ETFs) du...

Bonuses Increase or Decrease Depending Upon Position

August 9th, 2023

Experts predict that merger advisors' bonuses will decrease this year due to the stagnant nature of the business. On the other hand, asset-manageme...

Is the Era of AUM Fees Fading Away?

August 8th, 2023

Advisors have traditionally found it straightforward to advocate for fees tied to clients' portfolio sizes, using the rationale that asset-based fe...

Wall Street Giants Anticipate $8.9 Billion Hit From Bank Failures

August 7th, 2023

The largest US banks anticipate contributing nearly $8.9 billion to restore the US government's fundamental Deposit Insurance Fund.

Regional Banking Crisis Prompts Ameriprise to Abandon Bank Conversion Plans

August 3rd, 2023

Ameriprise has announced the withdrawal of its 2021 application to shift its growing bank from the supervision of the Office of the Comptroller of ...

Learning from Client Experiences with Financial Advisors

August 2nd, 2023

Listening to clients' experiences with financial advisors can yield valuable positive and negative insights.

LPL Financials' Advisor Count Approaches 22,000 Mark

August 1st, 2023

LPL Financial Holdings Inc. released its second-quarter results, revealing a sequential increase of 421 advisors and a year-over-year rise of 1,071...

Cerulli Finds Home Office Models Outperform Advisor-Managed Portfolios

July 31st, 2023

A recent report by Cerulli Associates reveals that model portfolios managed by the firm's chief investment officers consistently outperform those m...

Ameriprise Wealth Achieves 49% Profit Surge

July 28th, 2023

Ameriprise's Advice and Wealth Management unit reported a record-breaking profit margin for the third consecutive quarter.

Raymond James Successfully Retains Majority of Assets After Split with C...

July 27th, 2023

Raymond James has reported that Raymond James Financial's Private Client Group lost just $4.6 billion in client assets due to the departure of a la...