News Roundup

News Roundup (453)

Brokers Need to Rethink Their Views on Providing Advice

Last year was the first year in which revenues from fees for the top 50 independent broker-dealers exceeded revenues from commissions, but many firms still view advice as a liability rather than a value-added service. So reports Financial Planning.


Study Quantifies Costs of Trade Tariffs

Economists from the Federal Reserve Bank of New York, Princeton University and Columbia University have concluded that President Donald Trump's tariffs, imposed last year on products ranging from washing machines and steel imported from China, are costing U.S. companies and consumers $3 billion a month in additional taxes. So reports BNN Bloomberg.


Stockbrokers’ Pay Outpacing the Rest of American Workers

The median pay for stockbrokers and other individuals who sell financial products was $63,780 in 2017, which outpaced the median pay of $50,620 for all workers. So reports The Street. Read more...

Americans Now Include Pets in Legacy Planning

Including provisions for pets in legacy planning through annuities, life insurances, or trusts has become popular. So reports Forbes.


Advisors Need Only Work Five Hours a Day

Matt Oechsli, author of “How to Build a 21st Century Financial Practice: Attracting, Servicing and Retaining Affluent Clients,” says advisors can cut their workday down to only five hours. Read more...

Technology Can Help Advisors Respond to Fee Compression

Emerging technology can help advisors weather fee compression by carving out fees for specific services, says Cetera President Adam Antoniades. So reports Financial Planning. Read more...

Additional Tax Reform Unlikely This Year

Proposed legislation that would extend approximately 30 expiring tax cuts and include retirement provisions is unlikely to pass this year as members of the House of Representatives are reluctant to vote on a bill that is expected to receive opposition in the Senate. So reports The Washington Post. Read more...

Advisors' 3 Biggest Challenges: Column

Maintaining business operations while simultaneously providing advice, discovering new ways to deliver value to clients, and boosting profits are three of the largest challenges that advisors face, according to a Forbes column by David Miller, CEO of Peach Labs. Read more...

How Do You Measure An Advisor's Value to Clients?

A new study by Charles Schwab seeks to answer that question. So reports Barron's.


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