ABA to SEC: Minimize burdens on banks, affiliates from investment adviser outsourcing proposal
In a recent letter to the Securities and Exchange Commission, ABA offered feedback on its recent registered investment adviser outsourcing proposal.
Browsing: Financial advisers
Earning and sustaining relevance as a wealth adviser in 2023
Advisers can’t take clients for granted—relevance has to be re-earned.
SEC proposes oversight of outsourced investment advisory services
The Securities and Exchange Commission today proposed new rules to prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of the service providers.
Investors, financial advisers grow more pessimistic about future
Only 48% of financial advisers and financial professionals are optimistic about their 12-month outlook, a 15-percentage-point decrease from last year, according to a recent survey by insurer Nationwide.
Wealth Management 2022: Be the Solution
On the verge of a new “roaring twenties,” five principles to help wealth professionals exceed client expectations.
Study: Most Americans Looking for Advice from Their Banks as Financial Stress Rises
The vast majority of Americans, 83%, are looking for advice or guidance from their primary retail banks as their financial stress has increased during the pandemic, according to a recent study from J.D. Power.
Emotionally Invested
In today’s volatile market environment, wealth managers and financial planners are having hard conversations with their clients. A few tips to build emotional intelligence into those conversations.
Restructuring Your Investment Department for the New Normal
Banks can learn from the virtual experiences of their customers amid COVID-19 and integrate new technology into their service offerings, including financial advising.
Podcast: Making Wealth Management Core to Your Community Bank
How can community banks make wealth management a profitable part of their strategy? At Canandaigua National Bank and Trust in New York, 45% of non-interest income—and 15% of the bank’s total revenue—comes from wealth management, says EVP Sam Guerreri.