Fidelity-owned fintech also overhauls planning features for wealthiest clients and unveils new API store for developers.
Research firm says advisory firms need at least $250 million in AUM to do proper job.
Now that discount brokers have cut commissions to zero, CEO wonders if competition will heat up to reduce advisory fees.
The sector risks being left behind as client demands change.
Fidelity-owned fintech also overhauls planning features for wealthiest clients and unveils new API store for developers.
Gary Wardein and daughter, Erin Bethge, are based in Rancho Bernardo, Calif.
Nathan Fisher said his dad is 'wired differently' but meant no harm with off-color comments.
Now that discount brokers have cut commissions to zero, CEO wonders if competition will heat up to reduce advisory fees.
But the number of fixed-income indexes expanded, as did ESG indexes.
New client acquisitions up and 60% of advisers are having their best year ever.
Total net assets dropped from $33 billion to $30 billion in the three months through September.
Parker Inabnet and Kate Redden operate as I.M. Wealth Care through Merit Financial.
FIA sales took off shortly after the demise of the DOL fiduciary rule.
Regulator's reviews also reveal lack of branch office supervision.
Eliminating commissions is fundamental in getting more people to engage in investing.
The Boston Pension Board said Wednesday it is yanking $248 million that is managed by Fisher Investments.
After Schwab and other brokerages cut some commissions to zero, LPL tells brokers it is 'exploring its options.'
Meanwhile, the wealth management group sees a decline in assets due to net outflows.
Expense for litigation tied to scandals in Well's retail bank, cuts earnings by 35 cents a share.
Fisher Investments manages about $500 million for Fidelity's Strategic Advisers unit
