Advisors need to listen more to keep clients on board, study says

Financial advisors expect their managed assets to grow by 7.2% over one year and by annualized growth of 17.2% over the next three years, driven mostly by new and existing clients, according to a recent survey.
by Daniel at http://www.ifacareers.today

Op-ed: Financial professionals need to keep investors safe in these unprecedented times

The unprecedented economic crisis caused by the Covid-19 pandemic demands that finance professionals recognize the leadership role they need to play in guiding investors through ongoing volatility to calmer shores, says Steve Horan of the CFA Institute.
by Daniel at http://www.ifacareers.today

Op-ed: There is no such thing as truly risk-free — even going to cash

While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long-term. Cash doesn't earn any return and does not grow in value, so inflation erodes its purchasing power over time.
by Daniel at http://www.ifacareers.today

Op-Ed: The CARES Act makes it easier to tap your 401(k). Here's exactly what you need to know before you do

The CARES Act has made it easier for workers suffering due to the Covid-19 pandemic to tap their 401(k) plans and IRAs. Here's what to know before making a withdrawal from your retirement savings account.
by Daniel at http://www.ifacareers.today

Not just financial health: Advisors guide clients through coronavirus crisis

Record levels of unemployment. Terrifying market volatility. A pandemic that's infected more than 1.8 million Americans. Three financial advisors describe how they prepared themselves and their clients for the Covid-19 crisis
by Daniel at http://www.ifacareers.today

Here are some money moves you should make now that we're officially in a recession

It's official: The U.S. economy has come to an end of a historic expansion that lasted for almost 11 years. With the future unclear, financial experts say you can improve your personal financial outlook by taking these steps.
by Daniel at http://www.ifacareers.today

How coronavirus put these financial advisors' practices to the test

Entrepreneurs are in unprecedented times, contending with a pandemic that's taken a massive toll on human life and the global economy. Financial advisors are among the business owners trying to survive amid a disaster.
by Daniel at http://www.ifacareers.today

A new rule could make it harder to figure out if your financial advisor is on your side

This month, financial advisors will be required to comply with regulation Best Interest, a rule that requires them to put clients' interests first and disclose any conflicts. Some say this doesn't go far enough.
by Daniel at http://www.ifacareers.today