The two leading wealth tech providers are boosting their support for growth-focused advisors with new integrated features and AI-powered tools.
Multi-year NASAA investigation shows the five firms charged customers $19 million across just over a million trades, violating FINRA rules.
Financial advisors live in fear of a large firm dirtying their work histories after they leave a firm.
Leading with competence and empathy, the best independent advisors have built strong client relationships with communication and investment knowledge, among other hallmarks.
The $287 billion RIA behemoth's newest leader, with experience from Capital Group and BlackRock, will lead its workplace, employee planning, and wealth planning businesses.
Uncertainty and recession fears are driving some fairly traditional behavior.
LifeMark Securities has faced scrutiny in the past for its sales of GWG L bonds.
New data from F2 Strategy shows 95% of RIAs are using AI - four times the adoption rate of banks. Trust companies account for 90% of firms not using AI, raising alarms about their ability to stay competitive.
The ex-registered broker facilitated a series of transactions, including nine trades totaling nearly $130,000 and eight withdrawals amounting to $85,000, for a fourteen-month period after the client's death.
The wealth tech giant is offering advisors a natural, intuitive way to use AI through its new business intelligence and insights engine features.
Sometimes letting clients lead conversations, rather than having all the answers, can be the most powerful trust-builder.
The transaction will see ownership of Wealthcare switch from NewSpring Holdings roughly 12 years after the private equity company made its investment.
LPL has closed 56 deals in its succession program, using $690 million of capital, according to William Blair analyst Jeff Schmitt.
"We are making sure to pivot away from companies disproportionately exposed to the lower-end consumer," says F.L.Putnam's Ellen Hazen, as her RIA's investment strategy prepares to react to proposed cuts to medicaid and SNAP.
Toronto-based Bank of Montreal has hired a three-decade veteran from Bank of America to lead its newly combined US operation as one of its top leaders plans to step down.
The smartest sellers are prioritizing integration support, not just payout multiples, says industry head.
Unequal life expectancy, emotional decision-making, and market swings are rewriting the rules, forcing a rethink on everything from default plans to annuities.
Meanwhile, Wells Fargo reels in a veteran from JPMorgan in Las Vegas, Nevada.
Maine lawmakers have passed a bill authorizing financial institutions to delay disbursements if they suspect financial exploitation of residents aged 62 or older.
Life doesn't follow an algorithm, neither should your clients' financial plans.
