Advisor attrition dropping at Merrill Lynch
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched,
Citi’s wealth CIO is stepping down
David Bailin is exiting the banking giant’s ranks after 15 years of service.
Tifin taps former LPL exec to serve as president
The AI-driven fintech has hired LPL’s former head of wealth management solutions to lead revenue growth and build key partnerships.
Morgan Stanley trading, wealth management units beat expectations in Q1
Net new assets for the wealth unit totaled $95 billion, higher than the two previous quarters combined.
Women’s retirement outlook improving but headwinds persist: GSAM
Advisors need to personalize approach beyond saving more, earlier, and investing.
Regions Bank launches team dedicated to philanthropic ambitions
Bank announces seasoned leader for new wealth management team.
BlackRock executive joins investment technology firm SimCorp
New hire will lead the firm's operations in the Americas.
Large long futures pullback could worsen stock weakness: Citi
Wall Street strategists say $52 billion worth of long positions on the S&P 500 pose risk.
Call options for stronger dollar are getting costlier
Betting on the greenback's resilience comes at a price.
Emerging market assets at lowest point so far in 2024
Index highlights international weakness as US economy remains robust.
Householder Group expands its matchmaker succession program
Arizona-based wealth firm is helping more retiring advisors connect with successors.
Arete Wealth pays out $1.1M in arb claims to start 2024
"We have a handful of open cases against Arete Wealth, and some involve Center Street, as well," says a plaintiff's attorney.
The next big challenge advisors face
'This war of human capital isn't going to get better, it's going to get worse in my opinion,' RIA exec says.
Advisors demanding more from asset managers than just latest fund
'We see asset managers having to provide more services, technology support, education to remain relevant and ultimately provide a better partnership to advisors,' a BNY Mellon exec says.
CFP Board sees record participation at March exam
The community of certified financial planners is closing in on a milestone.
Fed could hike rates rather than cut them: UBS strategists
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
Raymond James adds advisor from Wells Fargo
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
For most near-retirees, leaving the workforce at 65 is a lost cause
New Nationwide poll reveals impact of inflation and concerns about Social Security on pre-retirees’ expectations.
Citizens Financial taps Morgan Stanley exec for wealth business
Paul Casey is joining to head the bank’s wealth management arm, with a mandate that spans from mass affluent to ultra-high-net-worth clients.
LPL welcomes $170M veteran advisor
The broker-dealer giant’s hire in North Carolina is the latest in a string of recruiting moves at Ameriprise’s expense.
