Advisor Business

Survey Shows Half Of All Financial Advisors Are Not Charging For Asset Management

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A new survey of financial advisors reveals that 50% of CFP licensees are not charging for investment management services.   In addition to showing that half of all CFPs do not charge for portfolio management, the survey shows that most CFPs who do charge to managing money are doing it for $1000 a year or less.   If you clicked on the link to the new survey, then you know how serious the issue is.   And while I provided that link because it is right the time of the year for this message, there is an element of truth to my little prank.   Yesterday I reported on a real

Buried In The Newly Released 2011 Survey Of Trends In The Financial Planning Industry: Serious Challenges To The CFP Profession

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For about 15 years, the College for Financial Planning annually released its “Trends In The Financial Planning Industry,” a comprehensive report on broad industry developments. Only in 2010 did it miss a year. (A spokesman could not respond in time for this post to a question about why the College missed 2010.)

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CFPB Still At The Center Of Congressional Dodd-Frank Bickering

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Discussion is getting a little heated as less-than-lukewarm friends of the Dodd-Frank Act in Congress recently held a hearing to determine just how much new regulation will cost the government and, ultimately, taxpayers.

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86% Of Brokers And Insurance Agents Want To Join An RIA Firm

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Schwab polled several dozen non-RIA advisors and found that almost 9 out of 10 find the fiduciary model appealing -- and once they actually know anyone, the appeal rate goes to 95%.

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Who Owns The Client? Shedding Light On A Critical Issue That Arises When Switching Broker-Dealers

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When I'm counseling registered reps changing firms, a question that often comes up is, “who owns the clients?" Financial advisors often face a restrictive covenant preventing them from soliciting clients to follow them to their new firm, and they assume their former broker/dealer owns the clients themselves. That's a bad assumption.

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