What it means to "go independent" has changed over the years. Plus, here's how advisers can effectively use technology. And, here's how advisers need to speak with some entrepreneurs. WSJ Wealth Adviser's Veronica Dagher reports.
Regulators plan to ferret out financial advisers who put clients in fee-based accounts that are inappropriate, says Dan Nathan, a partner at law firm Morrison & Foerster in Washington, D.C. Advisers can take steps to help them avoid scrutiny, he says.
With an aging financial advisory population, it's likely more young financial advisers will acquire advisory firms. But they do face hurdles, a competitive environment and difficulty raising capital among them.
As Detroit's bankruptcy filing calls priority of bondholders into question, some advisers say they're treading cautiously with Detroit's munis, and concerned about the impact on the overall muni market.