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Organic asset growth is health
The best-managed RIAs closely monitor growth by measuring net new assets and revenues, both from the addition of new clients as well as existing clients adding to their investment portfolios.
Beware of breaching your fiduciary obligations related to client data
The industry has focused almost exclusively on cybersecurity controls over the past few years, instead of understanding what their core obligations and fiduciary responsibilities are for client data.
Citi summons unproductive remote workers to office for coaching
Most Citigroup staffers are supposed to be in the office three days a week, but if their productivity dips, they can expect to spend more time there.
The latest in financial #AdvisorTech — January 2023
This month’s highlights include Envestnet’s entering the RIA custodial business and Docupace’s launch of an RIA Productivity Toolkit.
First Shair Foundation grant winner envisions practice with multigenerational reach
With an assist from the Lucy Shair Foundation, Valerie Rivera aims to serve clients who are the first in their families to rise to the professional class.
Nominations for DEI awards are now open!
The sixth annual recognition program aims to tell the stories of individuals and firms that implement and advocate for diversity and inclusion within the financial advisory industry.
BNY Mellon to cut about 3% of staff
The bank says costs will be a top priority this year; it also says it's still committed to its digital assets strategy despite the turmoil in crypto markets.
Fintech Bytes: Riskalyze lands AE Wealth; 55ip partners with Frontier; Advisor360 acquires wealthtech
Plus Brad Weber gets Savvy, iCapital adds 100 to its tech team, and Richr launches an advisory service.
Wells Fargo Advisors ended 2022 with stable advisor head count
Advisors at Wells Fargo have been under a cloud since 2016, when the bank's fake-account scandal erupted.
How caregiving costs women their retirement security
What women need is richer context about the implications of financial decisions and what they are truly trading.
Merrill still hanging ‘Help Wanted’ sign for advisors in 2023
The wealth management franchise at Bank of America continued to perform well in 2022 despite the stock market sell-off.
Move past fintech buzzwords toward a proactive wealth management future
The industry absolutely loves these terms, but jargon obfuscates, intentionally or not, what the product actually does.
BlackRock plans to eliminate 500 positions in round of job cuts
The firm will dismiss about 2.5% of its global workforce after grappling with sharp declines last year in equity and bond markets.
Cetera nabs giant office from Securities America
The Patriot Financial Group, based in a suburb of Boston, works with 70 financial advisors who have $2.5 billion in client assets.
How advisors can take control of their success in 2023
One way to think positively about the new year is to focus on the activities and actions you can control.
Digital media company expands into Wall Street recruiting
Litquidity, which has more than a million followers on Twitter and Instagram, is hoping to help connect its followers with jobs at private equity firms, hedge funds and other alternative asset managers.
Finra keeps focus on Reg BI in 2023 exam report
In this year's report, the regulator also created a separate section under the heading of 'financial crimes,' which includes cybersecurity, anti-money laundering and manipulative trading.
Daniel Moisand begins serving as board chair of CFP
Moisand will guide the organization as it launches its first-ever comprehensive review of CFP Board's competency standards
Federal proposal to ban noncompete clauses could affect RIA M&A
If advisors who have less than a certain ownership threshold are free to leave an acquired firm, it could give buyers pause.
MoneyGuide founder Tony Leal departing leadership role at Envestnet
Rose Palazzo, currently the head of MoneyGuide, will assume Leal's duties as group president of Envestnet Financial Planning.
