Advisers' sentiments about the health of the stock market and the economy remained essentially unchanged during March. Stock market sentiment remained elevated at 122, compared with 123 last month, while advisers rated the economy's health at 110, compared with 109 at the end of March. A response of 100 equals a neutral view. Connected: Advisor…

More than half of the 414 advisers surveyed at the end of 2023 said they were struggling with client acquisition, according to research from Fidelity Institutional. While 42% said marketing and business development were a top priority, there was little agreement on implementing and evaluating different strategies. In response to the data collected, Fidelity has…

Hot on the feet announced one the new position of chief adviserHomrich Berg has added a new role dedicated to identifying and cultivating acquisition opportunities. An investment banking analyst in his early career, Andrew Page spent five years working in direct investments and buyouts for Focus Financial and its partner network, before joining Focus partner…

A Texas-based adviser with about $820 million in assets under management is joining LPL's stand-alone model from Merrill Lynch, according to the independent broker/dealer. Clayton Ortloff to join LPL Strategic Wealth Services to launch Heritage Private Wealth. He joined the industry in 2006 with Merrill Lynch, spending his entire financial services career with the wirehouse…

As we continue to revamp defined contribution plans to replace ever-declining defined benefits, the roles of service providers and money managers, but especially advisors, must change as well. Plan sponsors can no longer offer a menu of vetted funds and expect employees to enroll, contribute enough, and make wise investment decisions, expecting them to prepare…