Merrill Lynch Wealth Management has temporarily put a hold on its adviser trainees’ abilities to contact potential new clients after outreach-related violations were noted, according to a report in Business Insider.
As a result of the COVID-19 pandemic, Bank of America’s wealth manager trainees have been cut off from traditional ways of bringing in new business, such as in-person events and meetings, which have been eliminated.
The internal Merrill Lynch memo that was the basis of the Business Insider story did not outline what violations occurred or how many were recorded.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
