Steps financial advisors can take to build deeper trust with clients as change occurs within the financial advice industry.
The decision to "fire" a client is painfully difficult. Many planners are reluctant to disengage with difficult clients due to a sense of responsibility. If you are contemplating firing some of your clients, the following steps will ease the break-up and ensure a minimum of follow-on damages.
Everyone keeps saying that advisor fees are on the decline. Hogwash!
BackEnd Benchmarking produces The Robo Report™, which publishes a quarterly report on the digital advice industry. The report includes performance data on real accounts opened by BackEnd Benchmarking. Providing performance data allows for comparison across different digital advice platforms, helping investors make informed decisions when selecting a robo advice product.
To serve the needs of our evolving consumers, a more comprehensive fiduciary mindset needs to be adopted in order to survive.
First impressions start with your web page. Unfortunately, many advisors are badly misled by faulty advice about web site content and design.
So-called “smart-beta” strategies hasn’t been all that smart lately – at least not for the last five years. This article will examine why, whether it was predictable and the likelihood it will work better going forward.
John Hathaway, manager of the Tocqueville Gold Fund (TGLDX) writes in his Q1 investor letter that the price of gold may be offering a clear signal that the Federal Reserve’s "dot plot" - the interest rate levels projected by the members of the Fed Open Market Committee after each meeting - "is due for an overhaul."
There is no reason to believe that fee compression faced by wealth advisors will put them out of business. Instead, advisors can learn from some of the most successful firms to have weathered those previous pricing pressures.
Here’s my call for 2018: Most robo-advisors are going to fail. Read on to see why I don’t drink the Robo Kool-Aid that the financial industry and media are serving up.