News Roundup

News Roundup (677)

FPA Honcho: Focus on Compensation Model is Misguided

Evaluating advisors based on whether they receive commissions, advisory fees, or hybrid compensation is misguided because the ultimate factor should be if planners serve their clients’ best interests, says Edward Gjertsen II, vice president of Mack Investment Securities and Financial Planning Association president. So reports Money magazine. Read more...

Strengthen Client Relationships with Targeted Teaching Styles

Advisors can engage their clients and strengthen relationships by using appropriate teaching styles for each investor’s preferred method of learning. So reports Financial Planning.

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$3B Team Leaves Deutsche Bank

David J. La Placa and a handful of other team members that collectively manage $3 billion in assets have left the San Francisco office of Deutsche Bank to start their own firm. So reports Bloomberg. Read more...

Important Steps Your Same Sex Couple Clients Should Consider

With the recent Supreme Court ruling shooting down state bans on same sex couples, financial planners should be ready to take a variety of estate planning actions with gay clients. So reports WealthManagement. Read more...

Advisors' Use of Separate Accounts is Perplexing: ETF Publication

 When considering fees and other factors, advisors’ continued use of separate accounts instead of exchange traded funds is perplexing. So reports ETF Daily News.

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Dishonest Advisor Costs San Antonio Spurs Star Tim Duncan $20M

In a lawsuit, San Antonio player Tim Duncan is alleging that his former financial advisors, Charles Banks, failed to disclose his own interest in investments that eventually lost $20 million for the superstar. So reports euroweb.com.

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Advisors Having Tough Time Competing with Vanguard

Some advisors—including those who use funds from the Vanguard Group—say they can’t compete with the fund company’s financial planning services that charge only 30 basis points and serve clients with as little as $50,000 in assets. So reports Financial Advisor.

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Clients Underutilizing Advisors for Charitable Giving Advice

Only 30% of charitable donors have had conversations with their advisors about make gifts in a more strategic and long-term manner. So reports the Fidelity Charitable’s 2015 Gifting Report.

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Most Americans Can’t Describe 529 Plans: Study

In a recent study by Edward Jones, 66% of Americans were unable to describe 529 plans at a time when college tuition costs are increasing at a rate that exceeds inflation. So reports Middlesborodailynews.com.

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Study Show Impact of Fees Over Time

A $100,000 investment in an aggressive portfolio offered by low-cost fund firm Vanguard would have grown to $268, 359 over the past 15 years, which is $42, 709 more than if the money had been invested in a similar Fidelity portfolio with higher fees, according to a study by financial columnist Paul Merriman of MarketWatch

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