A study of 25 brokers and insurance companies has concluded that the use of the title 'financial advisor' is frequently used for individuals who sell products rather than focus on clients’ best interest. That's despite the fact that the firms may tout offering financial planning services. So reports CNBC.
An increase in retiring advisors, a strengthening economy, and an improvement in financing availability resulted in last year being the busiest year yet for M&A activity among independent wealth management firms. That's according to a study by consultancy Echelon Partners, reports Reuters.
As President Trump settles into his new gig, Washington observers are waiting to see if a proposal by Congressman Sam Johnson to cut Social Security benefits will gain traction. So reports CNBC.
U.S. energy stocks rebounded with a vengeance in 2016, with a handful of developments supporting strong enthusiasm for the industry. However, as with any instance of surging optimism, advisors would be well served to take a measured approach to investing in the sector.