Background

The bursting of the equity bubble of the late 1990’s marked a major turning point in the world of financial advice. Many advisors found their traditional stock picking and asset allocation approaches falling on deaf ears as investors sought a bigger picture view of their financial lives. The expansion of the mass- and ultra-affluent markets, coupled with looming issues of retirement for the baby boom generation and surging costs of healthcare, education and housing, is driving more and more investors to seek out experts in "wealth management."

Unfortunately, only 8% of advisors have embraced the wealth management model, to the detriment of industry practitioners and the investing public alike.

To help lead these professionals and the organizations adopting the practices and perspectives of wealth management, the Dow Jones Wealth Management Advisory Council was established to serve as an advocate, resource and voice. The council will ask the hard questions, solicit answers from all quarters, and continually encourage the implementation of professional development which will deliver benefits to both advisors and their clients.