With more than $8 billion trapped across the industry and rivals capping withdrawals, the firm is now moving to capitalize on easing competition among lenders.
Paul Bodnar takes the helm at CM Wealth after a decade-long succession plan, while Perigon brings on its first chief people officer as the firm scales past $11 billion in client assets.
In the most aggressive cases, the bank's new revenue targets would effectively double some bankers' required output from a year ago — which some insiders say is simply out of reach.
If robots are taking jobs, the argument goes, they should pay into the system those jobs used to support — and CEO Sam Altman is now making that case to Washington.
Lexington Wealth Management becomes the second external acquisition for HTSW, pushing the mega-RIA's W-2 advisory platform past $29 billion in assets.
The move gives advisors a more unified view of household assets, bringing 401(k) and other workplace retirement plan data into the portfolio design and trading picture.
No PII has reportedly been breached, but advisors and wealth tech execs say it should raise tough questions about data security and AI vendor risk management.
With millions of children already enrolled ahead of a July 4 launch, the accounts will eventually be made portable to other custodians — opening a new competitive front for advisors.
New FINRA study finds overconfidence in investment knowledge – not a lack of due diligence – may be driving elevated fraud losses among digitally comfortable investors.
The JPMorgan chief''s annual letter points to the '70s oil-shock recession, private credit losses running "a little higher than they should be," and "second- and third-order effects" from emerging AI technology.
