Advisors

Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Financial advisors who hold their clients’ assets at TD Ameritrade are about to face a shake-up. Charles Schwab is in talks to purchase TD Ameritrade for $25 billion, and a deal could be announced

Gorodenkoff | iStock | Getty Images Just in the past month, Scott Van Den Berg, president of Century Management Financial Advisors, has added cybersecurity to the firm’s insurance coverage. Now, in the event there is some kind of breach, the insurance company will help send a team to the office, have bitcoin accounts at the

Hero Images | Hero Images | Getty Images The registered investment advisor industry may be the perfect playground for private equity investors. It has good growth, high profit margins, consistent cash flow and low capital needs. With roughly 13,000 firms in the industry, it is also highly fragmented, ripe for roll-up, and begging for consolidation.

There’s an expense lurking down the road for many retirees that is largely unpredictable but likely: long-term care. With premiums soaring on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities

Kenneth Fisher, founder of Fisher Investments. Jonathan Fickies | Bloomberg | Getty Images Individual investors at Fisher Investments transferred $20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors. The development was disclosed on a conference call

Jonnie Miles | Photographer’s Choice | Getty Images There may be no free lunch in the financial services industry, but there is now free trading of stocks, exchange-traded funds and options. Charles Schwab announced on Oct. 2 it would eliminate commissions on those products for retail and registered investment advisor clients on its platform. TD

Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Iowa Public Employees Retirement System is terminating its relationship with Fisher Investments, pulling $386 million from the asset manager. The Iowa plan, which holds

Hero Images | Hero Images | Getty Images For financial advisors, the transfer of wealth from baby boomers to their children over the next two decades is a bit like climate change: The consequences may eventually be huge, but it’s easy to ignore the issue in the short-term. The youngest boomers are now 55 years

Guido Mieth | DigitalVision | Getty Images Raymond James‘ independent registered investment advisors have reason to cheer. The firm announced on Monday that it is eliminating transaction fees for stocks, exchange-traded funds and options in a division serving those professionals. The move was announced on Monday at a conference in Bonita Springs, Florida, for the

Witthaya Prasongsin | Moment | Getty Images Irish author James Joyce wrote in his novel “Ulysses” that a genius makes no mistakes. “His errors are volitional and are the portals of discovery,” he wrote. Talk about hindsight being 20/20. Joyce’s spin aside, mistakes can indeed be learning experiences — and we all make them, especially

Ken Fisher Crystal Mercedes | CNBC Fidelity has terminated a $500 million relationship with Fisher Investments, bringing the total yanked from the money manager to almost $1.8 billion. Officials at the giant Boston-based asset manager confirmed it would end its relationship with Fisher on Monday, in light of inappropriate comments founder Ken Fisher made at

From left, Utah Valley University students Colton Peck, Doug Macdonald and McKenna Jacobsen. Together, they took first place in the Financial Planning Challenge at the Financial Planning Association’s annual conference in Minneapolis last week. Utah Valley University When Colton Peck started school at Utah Valley University, he was set on being an accountant. But after

Thomas Barwick | Getty Images Financial advisors and wealth managers counsel others on money matters. Doling out financial advice is their bread and butter. And like doctors who turn to other physicians when they’ve got their own aches and ailments, financial advisors often rely on others’ opinions when planning their own finances. And, in some

kupicoo | E+ | Getty Images The aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients’ sake, as well as their own. With the average age of financial advisors somewhere in