A succession plan is vital to all, whether it's the firm's founder, the employees or the clients who have placed their trust with the firm. » Read More
When a company's top dog is famous, succession planning can be tricky. A look at 5 corporate icons who were, or will be, hard to replace.
Savvy financial advisory firms can become more successful by hiring and retaining the next generation of planners.
Investors need to ask advisors about their succession plan and how it impacts them in the event of unforeseen circumstances.
The financial advice industry faces shortages, but colleges are launching degree programs in financial planning to fill the training gap.
An inability to attract young people is challenging a financial advisory industry facing a wave of advisor retirements in the next two decades.
Succession planning isn't easy for financial advisors. It takes a long time—five to 10 years—and it's emotional and messy. But it's also critical.
As aging advisors retire and few young replacements enter the industry, FAs without succession plans put their retirement, and clients, at risk.
Louis Barajas is founder and CEO of Wealth Management LAB, a fee-only firm specializing in the entertainment industry.
Sophia Bera, founder of Gen Y Planning, has been named one of '10 Young Advisors to Watch.'
Douglas Boneparth is president of Bone Fide Wealth, a Manhattan-based wealth management firm focusing on millennials, young professionals and entrepreneurs.
A fixed-income strategy is key for investors who are retired or are approaching retirement. This special report details the range of tools and strategies used to manage a fixed income portfolio.
The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.
The buzz on the trading floor
No, you should not use that home equity line of credit to fund your vacation to Bermuda. You also shouldn't use it to pay for the utilities.
The tax code imposes certain limits — and opportunities — for your retirement saving.
Stock investors face a tough challenge when choosing where to invest. Following this simple set of criteria can make the task much less stressful.