Lance Murphy, who's based in Houston, has 26 years of experience, much of it with asset management companies.
Charlie Scharf earned $24.5 million last year, up from $20.3 million for 2020.
The RIA channel saw a net gain of 1,530 financial advisers in 2021, while the wirehouses had a net loss of 2,065.
When the equity markets decline, as they have this year, they take the value of your firm down with them.
The vast majority of advisers reported having problems finding enough time to focus on business development and client relationships, according to a new study.
Kristi Turchan and Debbie Verker operate as Ascend Wealth Management in Grand Rapids, Michigan.
In an unusual aspect of the investors' claim and subsequent award against First Allied Securities, the $2.66 million in damages requested matched the amount the three arbitrators awarded.
Attending sessions on such topics as budgeting and investing can encourage workers to increase the amount they save in their 401(k)s, an EBRI study shows.
Firms say technological advances allow them to oversee reps no matter where they work. A compliance expert cautions that the best evidence of malfeasance is found on site.
As inflationary pressures mount, retirement savers are looking for solutions that offer growth opportunities while limiting downside risk.
Fintechs are buying books of business and hoping in-house tech stacks are enough to entice financial advisers to come on board.
The hiring push comes after Merrill and Bank of America reported a 6.3% decline in financial adviser head count last year.
With most broad market indexes nestled into correction territory, financial advisers are steering clients toward Roth conversions in a tax management move.
The firm's applications related to the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE U.S. Equities ETF have been granted 'effective immediately.'
The agency 'has serious concerns about the prudence' of exposing plan participants' retirement savings to investments that carry 'significant risks of fraud, theft, and loss.'
Firms need purpose-built tools to manage their discovery responsibilities as the emergence of Slack, Zoom, Microsoft Teams and other communication channels has made e-discovery far more complex.
James Iannazzo, who's facing three charges as a result of the incident in January, seeks to plead not guilty and be put on probation for up to two years.
The regulator is assessing the risks that may arise when retail investors purchase complicated investments without the help of a financial adviser.
Investors representing $4 trillion urge regulator to include Scope 3 emissions in corporate climate reporting.
The deal, which will close later this month, pushes the assets on iCapital's platform to more than $118 billion.
