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Why virtual internships are here to stay
After adapting on the fly last year, financial advisers are embracing virtual internships as a more efficient way to train and recruit talent.
Team managing $400 million at Truist moves to D.A. Davidson
The three-adviser Marshall & Whatley Investment Group is based in Harrisonburg, Virginia.
Pro bono opportunities, need rise during pandemic
Last year, there was a 27% uptick in the number of cases advisers working with the Foundation for Financial Planning reported.
Hub acquires assets of $1.6 billion retirement firm
Peter Vacheron and the team at IBG Financial Partners in Foxborough, Massachusetts, will join Hub’s retirement unit.
Merrill Lynch client balances climb 31% year over year
While assets increased, adviser head count at the thundering herd dipped. The company is looking to expand in key markets like San Francisco, Florida and another half-dozen locales.
How to help clients plan for health care costs in retirement
Advisers can utilize cutting-edge financial planning tools to help ease clients' concerns by showing them how they can save to cover medical expenses during retirement.
Goldman Sachs keeps cryptocurrency focus on institutional investors
Retail investors on the Marcus platform should not expect any crypto offerings alongside basic banking services, said CEO David Solomon during the bank’s first quarter earnings call.
PE fund targets diversity, governance at small companies
Mill Road Capital is applying a 'progressive private equity' strategy in its latest fund.
Wells Fargo adviser head count slips 8% year over year
The decline is expected to continue over the next six months as the bank closes its international wealth management business. The embattled bank recently revised how it tallies its adviser head count total and this year began including about 800 to 900 private bankers and portfolio managers.
Indie adviser managing $800 million moves to LPL from Kestra
Kip Adams and his team in Fort Worth, Texas, serve as the retirement and private wealth leaders for Gus Bates Insurance & Investments.
Adviser managing $500 million at Wells Fargo joins RIA
Lisa Quadrini moves to Brandywine Oak Private Wealth in suburban Philadelphia.
Prudential weighs sale of its retirement arm
Unloading the business could bring in more than $2 billion, as CEO Charles Lowrey executes a three-year strategy to transform the business.
Are you aware of the expanded opportunity set for investors created by the pandemic?
The pandemic has driven substantial divergence between innovative health care companies and those that have lost market share because of failing to address demands created by the spread of the virus.
DOL releases guidance on Trump-era fiduciary rule
In a set of frequently asked questions, the agency said a recommendation to rollover retirement funds from a company plan to an individual retirement account can be part of an ongoing client-adviser relationship and trigger a fiduciary standard of care.
Schwab accidentally puts $1.2 million into woman’s account
The woman, who used some of the money to buy a house and an SUV, was arrested earlier this week.
Luma partners with Cannex to offer annuity data tool
Luma aims to get a broader set of advisers to engage with annuities with access to the Cannex database and annuity-focused tools.
Allworth Financial acquires $340 million RIA
Shone Wealth Management, based in Walnut Creek, California, serves about 300 client households.
Hybrid team managing $340 million joins Cetera from LPL
The Advisors, a five-adviser group, is based in Murraysville, Pennsylvania, and headed by Bryan Davis.
Competing on customization: Fintech’s future in retirement planning
Social Security is forecast to run out of funds by 2035, company pensions (as well as full-time employment itself) are in decline, and millions are facing a squeeze on savings. People planning for their retirement are looking for fresh advice to help guarantee long-term financial security.
Diminished capacity creates new investment risk
White paper says financial services firms must adapt to the threat or pay the price.
