Keyword: financial advisory

Financial Advocacy Network Joins LPL Platform

The newly founded Financial Advocacy Network (FAN) has joined the LPL Financial custodial platform. FAN, an independent hybrid RIA group based in the Washington, D.C. area, supports four independent financial advisory practices with a total of 13 financial advisors and about $450 million in advisory and brokerage client assets: The Monitor Group, Rockville, Md.; Wenger Financial Services, Newport News, Va.; Legacy Wealth Management, Mt. Pleasant, S.C.; and Newcorp Wealth Strategies, Atlanta, Ga. 

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Online Advice Firms Face Difficult Future

An estimated 130 online financial advisory services have launched since the Great Recession — many in the last two years — but these firms are struggling to gain traction and achieve profitability. While they target the emerging wealthy market (investors with $50,000-$250,000), accounts tend to be smaller. And competition is driving prices down, with some predicting consolidation as early pioneers end up face down with arrows in their backs.   Read More

Bad News Triple Dip

It’s a Tuesday in the middle of January; your first downsized paycheck of 2013 is due today; and chances are you’ll soon get the flu if you don’t have it already. So in the spirit of the day, let’s just get this week’s bad news over with in one fell swoop, courtesy of COUNTRY Financial, the Washington Post and the Society of Actuaries.   Read More

The Benefits of Unbundled 401(k)s

In building strategic partnerships, Pete Kirtland wrote in Friday’s Wall Street Journal about the value and benefits of the unbundled approach: “When we talk about building 401(k) partnerships, there are two models in the retirement plan space. The old-fashioned one is called bundled. That’s where all the different services for 401(k) plans — financial advisory services, record keeping, third-party administration and custodial services — are offered by the same entity. In an unbundled environment, a different entity provides each of these services, and that’s their core competency.”   Read More

InvestmentNews Launches ‘Career Center’ for Advisors

A new online service allows financial advisors to gather detailed information about the growing number of career opportunities throughout the industry. The “Career Center,” launched Dec. 3 by InvestmentNews, contains information on hundreds of broker-dealers and custodians, as well as individual broker-dealer branches and registered investment advisory firms. It’s intended to give advisors the ability to learn more about a range of industry opportunities, including going independent, transitioning to a wirehouse, or joining an existing RIA.   Read More