Joanna Rotenberg, head of wealth management at Toronto-based BMO Financial Group, has been named to head the $4.1 trillion personal investing division of Fidelity Investments, succeeding Kathy Murphy.
Earlier this year, Murphy announced her decision to step down from her role before the end of the year.
Rotenberg has led wealth management at BMO since 2016 and has been a member of its executive committee since joining the firm in 2010. Earlier, she was a partner at McKinsey & Co. and a leader in its North American financial services practice.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
