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The persistence of remote work
In the short space of four months, remote work seems to have become an even more permanent part of our everyday lives.
See It Be It Role Model: Carlos Muñoz
Carlos Muñoz, who leads the Morgan Stanley team that manages relationships with asset management firms, also heads the Equity Collective, an initiative at the firm that aims to develop the next generation of diverse leaders.
Advisers searching for new and diverse talent should cast a wider net
Building a more diverse workforce solves multiple challenges currently facing the wealth management industry.
Revenue per rep rises but head count slips at Wells Fargo Advisors
Annualized revenue per adviser, a key industry metric, was $1.22 million at the end of March, up 4.3% from the end of last year.
Wells Fargo rolls out new racial equity initiative amid scrutiny
The firm announced a $210 million effort to help minority families refinance mortgages.
Advisor360 upgrades new-account processing
Automated Document Bundling detects, enriches and batches new-account documents.
First Republic keeps hiring
The bank's wealth management group, a destination for wirehouse brokers for the past decade, has recruited three teams so far in 2022.
Creative Planning adds $644 million in Keystone Wealth Partners deal
Keystone's team-based approach is described as having sealed the deal; the firm's 29 employees include advisers, attorneys and CPAs.
Envestnet embraces remote work in move from Chicago
The 23-year-old management software company is moving its headquarters to Berwyn, Pennsylvania, while offering employees 'maximum flexibility.'
NYC won’t open Wells Fargo accounts over racial disparities
The bank approved Black homeowners seeking to refinance mortgages in the pandemic at a far lower rate than white ones.
Turn leads into clients with this irresistible marketing strategy
Here are 5 steps that need to be considered when making potential clients an offer they can't refuse.
Why women make great financial advisers
Women's emotional and social competencies are essential for financial advisers, who often have to have tough conversations with clients and handle delicate situations.
Finra smacks National Securities with $663,000 penalty over private placement
The agency said Boca Raton, Florida-based National Securities deceived investors in December 2017 and January 2018 about the price of shares in the private placement offering.
Made a killing in crypto? Your tax bill is coming due
Digital tokens like Bitcoin and Ethereum are classified as property by the Internal Revenue Service and taxed like stocks and bonds.
Schroders maps out engagement priorities
The company says it is taking 'a further step forward in sustainability leadership.'
Pelosi adviser among Biden’s nominees for SEC commissioner slots
President Joe Biden plans to nominate Jaime Lizarraga, a senior adviser to House Speaker Nancy Pelosi, and Mark Uyeda, who has spent a chunk of his career at the SEC.
Finra bars ex-Cetera rep who used clients’ money for own family’s investments
The broker, Marianne O'Shee Smith, a 34-year veteran of the securities industry, used $45,100 she had received from three customers, all senior citizens.
Black Americans more engaged with investing, especially outside the mainstream
Black Americans increasingly turn to newer types of assets, like cryptocurrency, that are less likely to be associated with structural discrimination, according to a study from Ariel and Schwab.
Flat fees gain traction among advisers critical of asset-based pricing
While the financial planning industry clings to the more lucrative asset-based fee model, a steady push toward flat fees is gaining steam.
Diversity, Equity & Inclusion 2022 Lifetime Achievement Winner: Eddie C. Brown
As Brown Capital Management has grown, founder Eddie Brown has also seen his appreciation for being able to 'pay it forward' grow as well.
