Though retirement planning seems so critical to those of us in the defined-contribution industry, just as copy machines seem to their salespeople, plan sponsors may not feel the same.
Stephen Moleski, who was arrested for a 1989 scheme, was alleged to be running an unregistered offering and acting as an unregistered broker.
A year of remote work appeared to accelerate the trend of advisers going independent for more control over their business, and in many cases, opportunities for higher take-home pay. Independent broker-dealers also saw a year of positive gains, though on net the channel was down from 2019.
Turnkey asset management platforms hold more than $2 trillion in managed wealth, and RIAs are the group that's funneling the most assets into TAMPs.
A retailing matriarch won the decision against her grandsons, who invested her money in complex products. J.P. Morgan and the grandsons were also found liable for elder abuse under Florida law.
Details of the bonus plan have yet to be revealed. But Adam Antoniades, CEO of Cetera, said such a plan would be forthcoming in an effort to retain as many advisers as possible.
Nearly three-quarters of women with investible assets of $100,000 or more say the pandemic has negatively impacted their ability to retire, but as that is happening, more women are turning to financial professionals for advice, according to a Nationwide survey.
Word-of-mouth from satisfied clients has always been an important channel for generating new business. Now advisers can directly reach out to potential clients and share testimonials.
Survey finds most institutional investors look for sustainable investing and diversity criteria when hiring equity managers.
Private equity-backed networks like Cetera Financial Group have been eager to expand. The latest deal will add 900 Voya advisers with $40 billion in client assets onto the independent broker-dealer's platform.
UBS, Banco BTG Pactual, Insigneo and Andbank are among those seeking to hire from the roughly 330 advisers who were part of Wells' international wealth unit.
Ellevest CEO Sallie Krawcheck goes beyond investment management and traditional financial planning to help female clients be strategic about career paths, salary negotiations and other topics that provide real value.
Betting that conditions will improve and restrictions be lessened in coming months, a sprinkling of fintech companies and others in and around the financial advice business have announced a resumption of live conferences to be held later in the year.
As society becomes less racially and ethnically homogenous, leaders must develop new skills to support their diverse workforce. This includes acting as mentor, visionary and ally combined
I will outline three leadership principles and associated tactics that increase diverse representation, expand equity and enhance inclusion.
A change in test governing whether workers are classified as employees or independent contractors could upend the business models of FSI members.
Health savings accounts can be one of the best ways to save for retirement. But the money to fund them must come from somewhere, and for many, the most obvious place appears to be the 401(k).
Relatively few people tapped their retirement accounts, but 20% drew on their emergency savings and 18% increased their credit card debt.
It’s important to form a pipeline so that younger minorities can be aware of the finance industry’s prospects and become educated on money matters and career opportunities within the finance industry.
Stefan He Qin stole investor money from his Virgil Sigma Fund and attempted to dip into his VQR Multistrategy Fund to pay back investors in the first fund, prosecutors say.
