"I came into the industry in 2000, and it has been quite lonely. … I would see the guys [at my previous wirehouse] sharing insight about what they were doing with their clients, and they wouldn't share it with me."
Zanelia Harris
president of Harris and Harris Wealth Management Group.“It is not just that you have to work harder; you have to be over-credentialed and over-qualified just to be at a good starting point. There's almost a 'be glad you're here' mentality with some counterparts because there are so few us. … We live in a constant state of being uncomfortable.”
Lazetta Braxton
founder of Financial Fountains“Because of the wealth disparity problem, you have to get more clients if they are going to be all African American or minority, in order to get to the same numbers [in AUM]. You will have to get double or triple the number of people, which ends up making you work harder and more.”
James Brewer
founder of Envision Wealth Planning“After 27 years in the business, I'm still going to places where I'm the minority.”
Crystal Alford-Cooper
financial adviser“Good mentoring is extremely important and it certainly wasn't there when I started in the industry 20 years ago. … As a senior adviser, being able to mentor with a junior adviser is instrumental not only for them, but for me, too.”
Gerald Loftin
principal, Proficient Wealth Advisors“I have worked harder [at previous firms] than my counterparts not only because I worked 10 hours a day, but I was also working three to four hours after work helping other people who I know really needed the help; they didn't fit into the firm structure. But in my heart I have to help them.”
Rianka Dorsainvil
founder, Your Greatest Contribution
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
