Meanwhile, over the past decade, the top 25 firms have essentially doubled the amount of revenue they generate.
The Transamerica study shows 95% of workers value health insurance as an important benefit, but only 63% of employers offer it to their employees.
The firm will fold the $70 million of assets it bought from Community Capital Management into its first ETF, an ESG-focused product, which it recently launched with acquired assets.
The welcome news for financial advisors in the report is that valuations for firms aren't necessarily based on how they choose to do business.
Nesvold is exiting Raymond James to take on an expansive new role at Cresset's $30 billion platform.
Sonnen, founder of consulting firm PFI Advisors, will work on improving Coldstream's back-office operations.
The head count reductions, which are the bank’s second round within six months, will spare wealth management teams, including advisors.
The downgrade reflects S&P’s expectation that CI will operate with debt of 4 to 5 times EBITDA over the next year.
The failed bank, which had about $290 billion in wealth management assets, will increase JPMorgan’s reach to high-net-worth clients in what it deems attractive locations.
If clients are holding NFTs in their individual retirement accounts, review them to see which tokens are acceptable assets and which may be deemed a collectible under IRS guidance.
The SEC's current definition of small advisors is 'antiquated,' which means the agency's regulations are not properly calibrated for such firms, the Investment Adviser Association said.
The firm allegedly failed to supervise Joseph Crespi, whose trading activity prompted 135 internal alerts over 12 months, according to the office of Massachusetts Secretary of the Commonwealth William Galvin.
Meanwhile, any recent recruiting deals First Republic had struck with advisors will remain in place now that the bank has been acquired by JPMorgan Chase.
The new Dynasty Investment Bank will cater to buyers and seller regardless of whether they're part of the Dynasty partnership network.
Connecticut-based H&H is led by president Richard S. Sych and has 68 employees.
Donors who have had their accounts for 10 years or more last year issued grants that were 61% larger on average than those from donors with a tenure of six years or less.
Austin, Texas-based Brainard represents a key market for Pathstone's focus on family office services.
Naratil will become the firm's chief financial officer and lead the division that will oversee the Credit Suisse merger, a Swiss newspaper reports.
JPMorgan and the FDIC, which orchestrated the sale, agreed to share the burden of losses, as well as any recoveries, on the firm's single-family and commercial loans.
The giant firms face an approaching winter as they become less prominent in the overall advisory business.
