The State of Retail Wealth Management


    In this, our fifth edition of The State of Retail Wealth, we look at the trends in the retail wealth management industry and the factors behind these trends. Key performance metrics are reported as of December 31, 2014. As in past studies, PriceMetrix found no significant differences between the U.S. and Canadian markets, so all results presented in … Read More

    20 Questions You Should Ask Before Hiring a Wealth Manager

    San Francisco Business Times article by Julia Cooper

    Be prepared. It doesn’t hurt to keep the Boy Scout motto in mind before selecting a wealth manager, as the questions you are ready to ask play a key role in deciding whom to trust with your money.

    But which questions are most critical?

    Bay Area wealth managers responding to our annual … Read More

    What Every Investor Needs to Know About Basis

    Morningstar article by Deborah L. Jacobs

    Estate planning and other strategies to minimize capital gains tax on highly appreciated assets.

    Until recently, when estate planners wanted to impress their clients, they offered strategies to save estate tax. Now, all the buzz is about maximizing basis and minimizing capital gains–maneuvers drawn from the income tax playbook.

    When you sell an asset … Read More

    Tips for the Future Care of Disabled Family Members

    NYT article by Tara Siegel Bernard

    Christine Salerno is like many other single working mothers with small children, but her days are often packed with even more emotional highs and lows: Her 4-year-old daughter, Lily, with soft brown eyes and a wide smile, was found to have Rett syndrome, a rare neurological disorder, last year.

    Lily’s case is relatively mild, … Read More

    Apple’s Tim Cook Will Give Away All His Money

    Apple Inc Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth.

    Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity – after paying for his 10-year-old nephew’s college education.

    “You want to be the pebble in … Read More

    Lessons You Can Learn From Apple’s CEO

    Forbes article by Siimon Reynolds

    As Apple continues to grow from strength to strength, now is a good time to analyze what Tim Cook is doing right.

    Here is my view of the key differences between the way Cook works versus the typical CEO or company owner.

    1. He Puts Building A Great Company Ahead Of Building A Great Share Read More

    Stock Exchanges Are Beginning to Take Bitcoin Seriously

    Bloomberg News by Olga Kharif

    The biggest U.S. stock exchange operators are taking steps to embrace bitcoin, spurring speculation the digital currency is coming up from underground.

    Nasdaq OMX Group Inc. revealed Tuesday that New York-based Noble Markets, a platform for trading bitcoin, has agreed to license Nasdaq’s X-stream technology. Noble is adopting the same software used by securities exchanges … Read More

    Charles Schwab Unveils Institutional Intelligent Portfolios Details

    Automated investment management solution for RIAs offers broad customization; competitive pricing at 10 basis points; no fee for advisors with $100MM+ custodied at Schwab

    More than 3100 Schwab Advisor Services clients registered for a company webcast today to hear details on Institutional Intelligent Portfolios™ – the company’s automated investment management solution for independent registered investment advisors (RIAs). Among its robust … Read More

    Cruz Does Not Mention Family Ties To Goldman Sachs

    Presidential candidate hides spouse’s ties to Goldman.

    This week, Ted Cruz was the first to throw his hat in the ring for the GOP presidential candidacy.

    But during his speech, reference to his wife’s tenure at New York-based Goldman Sachs Group Inc. was suspiciously missing.

    His wife, Heidi, has worked with the company since 2005 and served most recently as … Read More

    When You Must Take Money Out of Your I.R.A. or 401(k)

    NYT article by Ann Carrns

    The 15th isn’t the only significant tax deadline in April.

    If you turned 70½ in 2014 and have an individual retirement account, you have until April 1 to make your first withdrawal — known as a “required minimum distribution” or “minimum required distribution,” in tax lingo. The rule also generally applies to other tax-deferred retirement … Read More


Suze Orman Won’t Stop Thrashing Advisors

Suze Orman has been beating-up on professional financial advisors since 2000 and advisors are rightly concerned when this popular celebrity gives recommendations that are not suitable for their clients.

Suze Orman is well known for her personal-financial advice and she enjoys being called a “financial guru.” She’s written nine New York Times bestsellers.

The Suze Orman Show on CNBC television … Read More

Top SEC Cop Doubles Down on Fiduciary Fight: Why Keep FINRA Around?

With Mary Jo White now talking about a uniform standard of conduct “in the very near term,” it’s starting to look like years of regulatory wrangling are winding down. One way or another, it’s time for the future to arrive.

The brokerage industry has been living under the shadow of a forced transition from one client care standard to another … Read More

JINX: Can Robert Durst Lose His $100 Million Inheritance?

NYC real estate heir may go straight from easy street to death row after surprise arrest for long-unsolved murder. The case raises tough questions about what happens to the funds when trust fund babies go far astray.

Robert Durst just moved into a world where the interest on his share of a billion-dollar Manhattan commercial real estate empire no longer … Read More

T. Rowe Price: Americans Are Impoverishing Their Retirement for College Tuitions

Many American parents face a struggle in their golden years because they are raiding their retirement nest eggs to pay for their children’s college tabs, according to a new T. Rowe Price survey.

Parents who follow such a course might regret it later, in the view of the asset management firm’s experts.

The 2015 Family Financial Trade-Offs Survey included … Read More

Ackman Says He Hasn’t Been Contacted by Federal Agencies on Herbalife

Billionaire investor Bill Ackman said he had not been contacted by federal agencies investigating possible manipulation of Herbalife Inc.’s stock.The company’s shares were up nearly 10 percent in early trading on Friday.

Ackman said in a CNBC interview that some people hired by Global Strategy Group, a consultancy working for his Pershing Square Capital Management LP, had received subpoenas from

Read More

SunGard Steps Up with TAMP / CRM Integration Offering Advisors Powerful Desktop Command Center

SunGard expands into the managed accounts business with the launch of an all-in-one managed investment solution for banks, trust companies and RIAs.

For years, financial and trust advisors alike have complained about too many dysfunctional web-based technologies that sit on the same screen but can’t talk to each other. Now the walls between applications are finally coming down.

SunGard, America’s … Read More

Harrison Ford Plane Crash Makes the Actor a REAL Life House of Cards for Hollywood Studios

The stars love their thrills but flying solo with a busted fuel tank was too close a call for the underwriters. At what point do life planners have to steer clients from on high-risk hobbies?

Harrison Ford probably owes his life to the sport of golf. If he hadn’t been able to set his 1940s vintage plane down on the … Read More

ABA Notes: Innovating Ahead of the Risk Factors

Whenever I go to an industry summit I get a lot out of the educational track but some of the best insight from the ground routinely comes in the exhibit hall. This year’s ABA Wealth Management & Trust Conference delivered plenty of revelations on both fronts.

As we’ve laid out in previous coverage, energy within the ABA is on an … Read More

ABA Summit: Regulatory Clarity Gives Banks New Confidence To Move

The winds of dread blowing out of Washington are finally easing as long-awaited rules hit the books and an industry once paralyzed by contingencies gets back to work.

One of the factors driving the energy at this year’s ABA Trust & Wealth Management Summit is relief.

Nearly seven years after the credit crash, many of the new regulations that have … Read More

Robo Advisors, Non-Traditional Markets: ABA Conference Sharpens Bank Advisors’ Edge

Once-rigid bank wealth management departments are done playing defense. This year’s ABA program gets the channel’s power brokers keyed up to soup up their platforms with cutting-edge systems.

The banks have had a tough decade but from what I’m hearing at this year’s ABA Wealth Management & Trust Conference, the wounds have healed and they’re ready to get back in … Read More

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