0 Comments By Lisa Beilfuss Lisa Beilfuss The Wall Street Journal BiographyLisa Beilfuss @lisabeilfuss [email protected] Oct. 7, 2018 10:17 p.m. ET Mutual-fund and index-fund fees keep falling. Trading is free, depending on where you do it. Even hedge funds have started to drop their notoriously high charges. The only holdouts in the race to rock-bottom fees have been traditional investment advisers. Now that is starting to change. Journal Report Insights from The Experts Read more at WSJ.com/FundsETFs More in Investing in Funds & ETFs The No. 1 Stock Fund for the Past Year Is… ETF Terminology, Decoded 5 Big Mistakes With Repaying Student Loans Steve Ballmer’s Best and Worst Bets What to Do if Your Robo Adviser Closes Technology is reshaping the wealth-management industry, bringing down the cost of delivering advice and putting pressure on traditional fee models. At the same time, the massive, continuing transfer of wealth from baby … [Read more...] about The Price of Financial Advice Is, Finally, Falling
Independent wealth management firms gain ground By Michael Kitch Published: August 16, 2018 Tom Sedoric of The Sedoric Group In 2016, three New Hampshire financial advisors jumped from Wells Fargo Advisors to stamp the footprint of New Boston-based Steward Partners LLC in Keene. In May, three more teams of advisors and brokers from Wells Fargo — two from Portsmouth and one from Manchester — followed in their footsteps within weeks of one another. These moves were a mere trickle in the swelling stream of advisors across the country leaving the major wirehouses to join or start independent wealth management firms, known as Registered Investment Advisors, or RIAs. Since Investment News began tracking “Advisers on the Move” in April 2009, it has recorded 3,350 entries, 2,500 of them since 2013. And Fidelity Investments reported 23 percent of advisors moved between 2012 and 2017, as the trend gathered momentum with the recovering … [Read more...] about Financial advice’s shifting landscape
Having a grasp on your financials is tricky, but it's crucial if you want to be successful. And that starts with getting the right advice. Rose Leadem Published 6:00 am CDT, Saturday, July 21, 2018 Photo: Deborah Pendell | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Deborah Pendell | Getty Images The Financial Advice Millennials and Gen Zers Want to Know (Infographic) 1 / 1 Back to Gallery Whether it’s saving for retirement or paying off credit card debt, money management can be a challenge. Of course, different people have different concerns -- and that often comes with age. While a 60-something baby boomer might be organizing their savings for retirement, your 20-something millennial might be focused on paying off student loans. Related: 8 Financial Tips for Entrepreneurs … [Read more...] about The Financial Advice Millennials and Gen Zers Want to Know (Infographic)
Good financial advice is hardly ever free. But there’s a spirited debate over how investors should pay for it. Many investors get their advice from brokers who earn commissions from the sale of products they recommend. Others seek the counsel of fee-only advisers, who don’t earn commissions; instead, these advisers charge fees that can be hourly or annual flat fees or a percentage of the client’s assets. Fee-only... … [Read more...] about Is It Time to Adopt a Uniform Fee-Only Standard for Financial Advice?
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Asia & Pacific A man passes a Westpac bank branch in Sydney. The bank is one of several major Australian financial institutions to have come under fire following revelations of misconduct. (Edgar Su/REUTERS) by A. Odysseus Patrick by A. Odysseus Patrick April 29 at 10:15 PM SYDNEY — For decades Australians have been assured that their ultra-profitable banking industry is safe, fair and ethical. Now they’re dealing with revelations that some of the country’s most respected financial institutions have engaged in deception, practices driven by greed and possible fraud. An inquiry conducted by a retired … [Read more...] about Inquiry reveals seamy banking practices in Australia — like charging dead people for financial advice