Financial Planning

2 days ago | financial-planning.com | Tobias Salinger

Among the main challenges wealth and investment managers face are two key issues: how to recruit and retain talented professionals, and how to tap into the rise of private markets. Experts at the in Chicago earlier this month addressed both, spotlighting the need for firms to get ahead of advisor retirements and expand to meet growing demand, and also to handle client questions about private investments (without the benefit of the types of data available for public securities).

3 days ago | financial-planning.com | Tobias Salinger

The possibility of dementia or other forms of diminished capacity among older clients begs the need for technical estate planning and thoughtful coordination with their families. That was the key takeaway from a presentation at the in Oak Brook, Illinois, last month, by Michael Haubrich, a certified senior advisor who is the founder of Mount Pleasant, Wisconsin-based .

3 days ago | financial-planning.com | Christine Dobby

Bank of Nova Scotia wants to tap into the population of affluent Canadians with ties to South Asia through a wealth-management referral partnership with one of India's largest lenders, ICICI Bank. It's part of a broader push to sell fee-based services like financial planning and specialized advice to "cultural segments" in Canada that haven't been well-served by the banking sector, according to Jacqui Allard, Scotiabank's group head of global wealth management.

4 days ago | financial-planning.com | Tobias Salinger

Financial advisors and clients seeking to boost the tax savings available through loss harvesting may consider an increasingly popular leveraging strategy known as the "long-short" method. The combination of "long" investments on a stock's positive outlook with "short" ones based on equity declines, plus margin loans that add debt leverage to the vehicle, may turn off some advisors with risk-averse clients who don't have a lot of capital gains that need offsetting.

4 days ago | financial-planning.com | Rob Burgess

Welcome to a series from Financial Planning in which we interview those who deliver financial advice to learn what tools they rely on to make it happen. Rising client expectations are driving the need for more powerful tech tools, and we're digging deep to find out why advisors prefer certain solutions. When federal job cuts swept government workers in Washington, D.C. earlier this year, Alvin Carlos realized just how important it was to have an efficient client communication system in place.