Ex-Advisor Accused of Churning Retired Couple’s Portfolio

[ad_1] By Dinah Wisenberg Brin November 27, 2023 at 04:47 PM The advisor made over $75 million in trades in a $3.2 million portfolio in 2021, the suit claims. A retired Connecticut couple has accused their former investment advisor of negligence, breach of fiduciary duty and unfair practices, alleging he made excessive and inappropriate trades… Continue reading Ex-Advisor Accused of Churning Retired Couple’s Portfolio

How advisors can help clients on tough holiday conversations

[ad_1] The holidays can be a time of joyous gathering, but those gatherings can also generate considerable stress for clients — and by extension, their financial advisor.  “I’ve had conversations the week after Thanksgiving with clients in the past, where the mother or father will call up and say, ‘My gosh, I’ve got three kids. They… Continue reading How advisors can help clients on tough holiday conversations

Financial advisors give tips on how to budget during the holiday shopping season

[ad_1] BISMARCK, N.D. (KFYR) – The holiday shopping season is in full force. Many visited stores on Black Friday and are buying online on Cyber Monday, checking things off their list. However, there are still more sales and shopping days ahead. So, how can we manage our money while also making sure we get the… Continue reading Financial advisors give tips on how to budget during the holiday shopping season

Osaic Adds Advisory Teams

[ad_1] Osaic, a wealth management firm based in Phoenix, announced that it has recruited advisors with nearly $500 million in assets to its network through The AmeriFlex Group. The Meckenstock Group and its 10 financial advisors, who are based in Hays, Kan., are joining AmeriFlex with $290 million in assets. Led by President… Continue reading Osaic Adds Advisory Teams

New DOL Fiduciary Rule Could Rein In Use of Advisor-Like Titles

[ad_1] By Melanie Waddell November 27, 2023 at 02:12 PM Titles like “financial planner” and “wealth manager” may convey a relationship of trust, the department says. The Labor Department is requesting comments on how to potentially regulate advisor-like titles — such as financial consultant, financial planner and wealth manager — under its new fiduciary rule. The preamble… Continue reading New DOL Fiduciary Rule Could Rein In Use of Advisor-Like Titles

How Do You Read and Diagnose the Health of the Market?

[ad_1] The maxim “Prescription without Diagnosis is Malpractice” can be applied to many areas, particularly in investing in the stock market where playing hunches, commercing in tips, and following the social media crowd can be a poor basis for an investment decision. Getting at that diagnosis of the market though requires doing the hard and… Continue reading How Do You Read and Diagnose the Health of the Market?