News Roundup (677)
FPA Honcho: Focus on Compensation Model is Misguided
- Friday, 14 August 2015
- News Roundup
- Written by PFA News
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
- Friday, 31 July 2015
- News Roundup
- Written by PFA News
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.
Read more...$3B Team Leaves Deutsche Bank
- Saturday, 04 July 2015
- News Roundup
- Written by Chris Frankie
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
- Saturday, 04 July 2015
- News Roundup
- Written by PFA News
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
- Friday, 19 June 2015
- News Roundup
- Written by PFA News
When considering fees and other factors, advisors’ continued use of separate accounts instead of exchange traded funds is perplexing. So reports ETF Daily News.
Read more...Dishonest Advisor Costs San Antonio Spurs Star Tim Duncan $20M
- Friday, 19 June 2015
- News Roundup
- Written by Chris Frankie
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.
Read more...Advisors Having Tough Time Competing with Vanguard
- Friday, 19 June 2015
- News Roundup
- Written by PFA News
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.
Read more...Clients Underutilizing Advisors for Charitable Giving Advice
- Friday, 19 June 2015
- News Roundup
- Written by PFA News
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.
Read more...Most Americans Can’t Describe 529 Plans: Study
- Saturday, 30 May 2015
- News Roundup
- Written by PFA News
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.
Read more...Study Show Impact of Fees Over Time
- Monday, 25 May 2015
- News Roundup
- Written by PFA News
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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