Most clients expect to see all their financial data in one place, but some aggregation techniques—like “screen scraping,” or requiring user names and passwords for access to accounts—put them at risk. As an industry we need to lead with standards and technology that can help ensure customers’ information is safe when they allow third party access.
Financial advisors report stress levels 25 percent higher than the national norm, according to a survey by FlexShares Exchange Traded Funds. The survey of nearly 700 advisors found that compliance and regulatory issues (29 percent) and challenges of growing their practices (25 percent) were the biggest stress inducers for advisors. ...
Advisors on the Move Nearly one in four financial advisors switched firms in the past five years, according to Fidelity's Advisor Movement Study. The study found that more than half of advisors (56 percent) considered switching firms during that same timeframe. Of those that moved, 92 percent reported being happy with their decision. ...
Stan Lee May be Suffering Elder Abuse The blessing of a long and happy life has turned into a curse for comic book legend Stan Lee. According to the Hollywood Reporter, Lee has become the target of elder abuse from several unscrupulous actors, including his own daughter, in the wake of his wife’s death in July. ...
