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Credit Suisse weighs new round of job cuts
The head count reductions would be part of a renewed push to cut costs after the bank warned of a second-quarter loss.
Wells Fargo pauses diversity rules for hiring after report of sham interviews
CEO Charlie Scharf said in a memo that the bank would halt the use of diversity guidelines for hiring as it reviews the reports of fake interviews.
Quotas prove irrelevant as companies diversify boards on their own terms
Peer pressure is accomplishing what quota laws never could, anyway.
Banks, tech giants losing skilled workers to flexible fintechs
The exodus from Wall Street, the City of London and Silicon Valley has picked up speed during the pandemic, according to data from a workplace intelligence company.
Inflation, no longer deemed transitory, puts advisers in scramble mode
The Biden administration is now saying upward pressure on prices could be the new reality, which has advisers getting more creative.
Group overseeing $800 million switches to SagePoint from Lincoln
IronBridge Wealth Counsel, which has eight advisers, has offices in seven cities across the country.
Savant invests $3 million to help Australian fintech expand into US wealth market
Australian fintech Lumiant provides a digital client portal and engagement technology for advisers, and RIA Savant will be its first US customer.
SEC orders San Diego B-D to pay $800,000 over fund share class disclosures
Madison Avenue Securities didn't disclose or didn't adequately disclose conflicts associated with compensation the firm received from certain advisory client investments.
Market correction puts Roth conversions on the front burner
The tax implications of an IRA conversion are far from automatic and can be difficult to forecast this early in the year.
Become part of your client’s business team as risk management partner
Leaders focused on business growth may not be thinking about the next unexpected disruption. That's where trusted advisers have an opportunity to bridge the gap.
Negotiating with a custodian
The 5 cents remaining in an investment account triggered a lengthy back-and-forth between the adviser and his custodian.
Women give more, differently, sparked by recent upheaval
New research reveals sharp generational differences as women double down on their philanthropic priorities.
Barred broker latest to be focus of a GWG bond complaint
Marc Korsch, who was booted from the securities industry last year, has a staggering 33 disclosure items on his BrokerCheck report.
United Planners adopts private network solution
The independent broker-dealer says the cybersecurity system from cleverDome offers more control than a virtual private network.
Promises of student debt forgiveness put advisers in uncharted territory
The moving target of potential debt forgiveness, coupled with an extended payment moratorium, has advisers reading the political tea leaves for direction.
Northern Trust Asset Management seeks greater diversity in trade executions
Firm is seeking requests for information from minority-owned broker-dealers, as well as those owned by women, veterans and people with disabilities.
Helping suddenly rich clients stay that way
Morgan Stanley's private wealth management trains advisers to guide their clients through the peaks and valleys of first-generation wealth.
Surveys show Americans prefer retirement planners, lack plans
Retirement income planning is the service most sought after by both older and younger consumers, according to a survey by the Granum Center for Financial Security.
Bill Winterberg returns to adviser fintech at AdvicePay
Winterberg will serve as vice president of financial planning growth at AdvicePay, the fee-payment-process technology created by XY Planning co-founders Michael Kitces and Alan Moore.
Bear markets chip away at firm valuations
Just about every asset class has been whacked in this year's sell-off, which has pushed firms' AUM values lower, resulting in lower fees and revenues.
