AI agents are already transforming how financial planners and clients interact; the “app-less” version will add an infusion of enterprise-wide scale to the mix.
Why Regulators Are Questioning The Use Of Held-Away Asset Management Technology (And What Advisors Can Do About It)
Historically, advisors haven’t had many avenues to manage clients’ 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans. Which wasn’t necessarily a big issue back when most clients hired advisors after they had already retired and were able to roll over their employer plans into […]
DB transfer activity surges in July
The number of defined benefit pension transfers in July surged to the highest level since August 2023.
Hoxton Capital Management rebrands to Hoxton Wealth
International Financial Planner Hoxton Capital Management has rebranded to Hoxton Wealth.
#FASuccess Ep 400: Sizing Up Versus Scaling Up To Build An Enduring Advisory Business, With Mark Tibergien
Welcome everyone! Welcome to the 400th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Mark Tibergien. Mark is the former CEO of Pershing Advisor Solutions, a former Principal with Moss Adams Consulting, and is a longtime practice management consultant and thought leader in the financial advisory industry. What’s unique about […]
Don’t speak: How firms like Morningstar teach AI what not to say
Firms like Morningstar and Savvy Wealth share their experiences in building guardrails around AI tools to prevent them from giving risky advice or creating regulatory concerns.
Introducing Xero Mentor Match, a mentoring program for accounting and bookkeeping partners
It’s no secret the accounting and bookkeeping industry has been battling a critical talent shortage for some time. In fact, we’ve conducted new research that reveals almost two-thirds of employing practices (65%) have experienced challenges with finding and keeping the right staff in recent years. Our report, Reshaping accounting and bookkeeping: Image, talent and the […]
8-Step “Agile Change” Framework For Smaller Firms To Communicate And Implement Organizational Change
For most of its history, the financial advice industry has been very slow to change. Over the last 50 years, even the most substantial changes to occur – such as the movement away from commissions and towards fee-based compensation, and the shift from an investment-centric approach to more holistic financial planning – have taken place […]
Ask an Advisor: Advising couples with ESG investing when they disagree
Several advisors answered the call with their strategies for tackling this potentially sticky situation.
Suit: UBS’ sweeps change is ‘implicit admission’ of wrongdoing
UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm “violated its obligations to its clients.”