Meanwhile, Cetera has boosted its own recruitment numbers with new additions from LPL and Osaic.
The organization overseeing the CFP mark is looking for its next chief executive as Kevin Keller is set to step down in April next year.
The Wall Street giants' alliance will see institutional investors holding tokenized shares of funds managed by BlackRock, Fidelity, and other leading managers.
In his comments to analysts, CEO Paul Shoukry alludes to - but does not name - Commonwealth Financial as a factor.
But how did they start out and what fueled their fortunes?
As SECURE 2.0 and state mandates drive micro 401(k) plan adoption, advisors are set to play a bigger role in helping small businesses navigate retirement solutions.
More than three-fifths of surveyed advisors see generative AI as an efficiency booster, though many are still concerned about data privacy and lack of tech integration.
The new offerings, including managed options on Franklin's canvas platform, come as managed account assets surge in the US to hit $13.7 trillion.
Meanwhile, Raymond James bolstered its employee advisor arm with an industry veteran who previously oversaw $750 million at Stifel.
Staffing shortfalls, new policies, and increased demand for clarity create potential speed bumps for tax planning and compliance.
Osaic's expanded partnership with the Arizona-based firm advances its broader strategy to offer succession-focused planning solutions to retiring advisors.
Focus is reportedly on a three year period from 2021-2024.
But economists say inflation impact may come in lower than expected.
How fast-growing tech means higher bills for millions of Americans.
The firm is extending the use of tools to help boost productivity.
Older couples are more likely to split than in the past, stats show.
Preparing your clients to withstand the ups and downs of change – both external and internal – could be the key to unlocking their loyalty, trust, and confidence.
After leaving LPL in 2020, it hasn't gone Cornick's way at Osaic.
The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.
UBS has also regained some ground as it recruited an experienced Merrill advisor in New York.
