Financial advisers are usually off-limits when it comes to large institutions looking to cut costs and personnel. But Wells Fargo, under CEO Charlie Scharf, has not shied away from laying off advisers or cutting adviser-lead businesses.
But older women are more willing to seek financial planning help than men, according to a survey by The American College of Financial Services.
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
The tight group of marijuana ETFs are up between 28% and 55% in January, anticipating federal approval. For financial advisers and investors, instead of just jumping headlong into cannabis investing, the challenge is traversing a sector that is in limbo.
The murky track record behind cryptocurrency has kept some skeptical, but both advisers and investors are showing growing interest in the asset class. The popular digital asset, Bitcoin, recent record-breaking rally has slowed, with prices set to finish this week just below $40,000, according to Bloomberg.
Walmart announced the launch of a new company designed to offer digitally enabled financial products to its customers and employees. Its 265 million weekly customers makes it an attractive distribution channel to expand investing to underserved investors.
The asset manager will integrate Clarity AI’s data into the Aladdin tool as social and economic factors push investor appetite for ESG investing. Demand for sustainable investing accelerated last year with global investors in mutual funds and ETFs investing $326 billion in sustainable assets.
Firm announces it will work with digital payments upstart Marqeta on Marcus checking accounts. Marqeta's CEO says Goldman plans to use the firm's technology to issue debit cards into mobile wallets.
The bank is combining its consumer wealth management and private banking units into a single entity, encompassing operations handling money for clients with $200,000 to tens of millions, or much more. The new business will be led by Jim O'Donnell.
The attack on Jan. 6 highlighted racial injustice, according to some advisers, as wealth management firms prepare to double-down on diversity efforts aimed toward building a more inclusive industry.
Invest in your business, your brand and yourself The InvestmentNews Women Adviser Summit is uniquely designed for the sophisticated female adviser who wants to take her personal and professional self to the next level.
InvestmentNews is proud to be at the center of this discussion by hosting its first, 2-day, no-travel, Next Gen Summit, which will gather next generation advisers to learn about emerging trends and new best practices to enhance your practice for the years ahead.
TECHNOLOGY + INNOVATION FOR ADVISERS InvestmentNews’ Fintech Virtual Summit will serve as the forum for advisers and fintech providers to meet, ideate and connect the dots between industry problems and fintech solutions. Date: Feb. 25, 2021
The new year brings a host of new planning challenges -- and opportunities -- for financial advisers and their clients. Join InvestmentNews' Chief Content Officer George Moriarty as he sits down with IRA planning expert Ed Slott to discuss strategies advisers need to monitor in 2021 for their clients.
Join this webinar featuring Mark Avallone, Vice President of Architecture at S&P Global Market Intelligence and Junta Nakai, industry lead for financial services at Databricks, as they discuss the value of ESG data and 3rd party datasets in guiding investment decisions and increase to alpha.