7 takeaways from FINRA’s regulatory report; retirement advisors see cause for economic optimism; add value with estate planning
Financial Planning
The leading resource of news, data and analysis for the wealth management industry.
REGULATION AND COMPLIANCE: If advisors want to gauge just how much tech advances have disrupted their industry in recent years, a good place to look is FINRA's latest report on regulatory oversight.
Top of mind for the broker-dealer industry's self-regulator are cybersecurity, cryptocurrencies, artificial intelligence, and so-called off-channel messages firm representatives send to each other using WhatsApp and similar services.
RETIREMENT: As the new year gets underway, wealth managers are feeling unusually optimistic about the U.S. economy — and many say it's thanks to the central bank.
Every month, Arizent's Retirement Advisor Confident Outlook (RACO) survey asks wealth managers about their economic outlooks. And in January 2024, RACO recorded the highest level of confidence since the survey first started last June.
"The economy seems to remain strong, and this is good for client confidence," one advisor told the survey.
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FINANCIAL PLANNING: “Estate planning is a delicate and complex topic,” writes Lisa J Walsh, CEPA®, CPWA® , senior vice president of investments at LJW Wealth Management of Raymond James .
“While your client will likely need specialists such as estate attorneys and accountants to create and execute their estate and trust documents, their interests are best served by first having a conversation with a ‘generalist’ — in other words, their trusted financial advisor."
WEALTH MANAGEMENT: To better understand what lies ahead for financial advisors in 2024, Arizent (parent company of Financial Planning) surveyed subscribers on key factors impacting the wealth management industry such as AI, market volatility, the economy and geopolitical instability.
Join us in a Jan. 17 web seminar: Our research and editorial teams will share highlights of the findings, including how advisors plan to adjust their go-to-market strategies in the coming year.
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