Practice Management

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The weight-bearing capacity of Larry Fink’s fine line
OPINION FEB 07, 2022
The weight-bearing capacity of Larry Fink’s fine line

BlackRock's CEO needs to recast the conversation into the framework of governance, because E and S won’t amount to much if they aren’t backed by better governance.

By Nir Kossovsky and Denise Williamee
How are firms withstanding the Great Resignation?
PRACTICE MANAGEMENT FEB 07, 2022
How are firms withstanding the Great Resignation?

Best Places to Work firms score high marks from employees when it comes to their firm's clarity about its long-term plans; Best Places firms are also more proactive in developing employee talent and rewarding contributions.

By Devin McGinley
Advisers see increased opportunity in  new fintech tools
FINTECH FEB 04, 2022
Advisers see increased opportunity in new fintech tools

The majority of advisers said that while they're satisfied with their current technology, further enhancements could spur additional growth this year, according to a survey by Broadridge Financial and FSI.

By Sean Allocca
LPL doubles recruited assets in 2021
INDEPENDENT BROKER DEALERS FEB 04, 2022
LPL doubles recruited assets in 2021

LPL saw growth in assets from three sources last year: its recruiting of financial advisers, in-house growth and its acquisition of the wealth management business of Waddell & Reed.

By Bruce Kelly
AssetMark launches new digital prospecting, marketing tools
FINTECH FEB 03, 2022
AssetMark launches new digital prospecting, marketing tools

The third leading TAMP by assets this week announced the launch of two new tools to help advisers find and land new clients.

By Sean Allocca
Morningstar boosts focus on wealth management
FINTECH FEB 03, 2022
Morningstar boosts focus on wealth management

Daniel Needham will head up the new unit, which will include existing functions such as managed portfolios, portfolio management software and investment data aggregation.

By Bruce Kelly
Kuh named Morningstar Indexes' first head of ESG strategy
PRACTICE MANAGEMENT FEB 03, 2022
Kuh named Morningstar Indexes' first head of ESG strategy

The former head of ESG indexes at MSCI will help drive sustainable investment initiatives.

By InvestmentNews
Bonuses rain on Wall Street bankers as pay packages swell
PRACTICE MANAGEMENT FEB 02, 2022
Bonuses rain on Wall Street bankers as pay packages swell

It’s a long-awaited moment for a generation of rising executives who’ve spent years missing out on the riches reaped by those before them.

By Bloomberg
Voicing community: The InvestmentNews 2022 DEI Awards
PRACTICE MANAGEMENT FEB 02, 2022
Voicing community: The InvestmentNews 2022 DEI Awards

Fresh points of view open new arenas for growth throughout the financial advice community. Learn more about those putting their perspectives into practice at this year’s InvestmentNews Diversity, Equity & Inclusion Awards.

By InvestmentNews
FSI launches program to boost diversity among independent advisers
PRACTICE MANAGEMENT FEB 01, 2022
FSI launches program to boost diversity among independent advisers

FSI is partnering with Inroads to encourage its member firms to offer paid internships for students of color.

By Mark Schoeff Jr.
River Wealth Advisors sells minority stake to Merchant Investment Management
ALTERNATIVES FEB 01, 2022
River Wealth Advisors sells minority stake to Merchant Investment Management

Merchant insists the noncontrolling investment is distinct from traditional private equity capital, which often comes with a short-term commitment.

By Jeff Benjamin
Schwab study says RIAs need to up their staffing and compensation game
PRACTICE MANAGEMENT FEB 01, 2022
Schwab study says RIAs need to up their staffing and compensation game

Hiring is getting more competitive at every level of an advisory firm, and compensation alone won't allow firms to keep pace.

By Jeff Benjamin
3 ways volatility diminishes the value of your firm
OPINION JAN 31, 2022
3 ways volatility diminishes the value of your firm

The impact that market corrections can have on advisory firms' profits makes having the right strategy and doing an exceptional job of implementing it even more important.

By Scott Hanson
NewEdge hires UBS team managing $3 billion in South Florida
PRACTICE MANAGEMENT JAN 31, 2022
NewEdge hires UBS team managing $3 billion in South Florida

Days after hiring Robert McCann, former UBS chairman for the Americas region, NewEdge announces more UBS veterans are joining the firm.

By Bruce Kelly
Who most wants to work with an adviser? Millennials
PRACTICE MANAGEMENT JAN 31, 2022
Who most wants to work with an adviser? Millennials

Millennials are the most optimistic generation, with nearly half saying their quality of life is better or much better over the previous year, study finds.

By InvestmentNews
CFP Board increased number of scholarships 67% in 2021
PRACTICE MANAGEMENT JAN 28, 2022
CFP Board increased number of scholarships 67% in 2021

The board's Center for Financial Planning provided more than $300,000 in scholarships last year, up from the more than $200,000 it awarded in 2020.

By InvestmentNews
SEC keeps up pressure on private fund advisers
ALTERNATIVES JAN 28, 2022
SEC keeps up pressure on private fund advisers

Under Chairman Gary Gensler, the agency is taking a closer look at private equity, hedge funds.

By Mark Schoeff Jr.
Adviser's faith-based ESG niche attracts true believers
PRACTICE MANAGEMENT JAN 28, 2022
Adviser's faith-based ESG niche attracts true believers

Robert Netzly has maintained his focus on biblically-based financial planning, while keeping his expectations low. The market is finding him.

By Jeff Benjamin
Lincoln partners with CHIP to broaden access to advice
LIFE INSURANCE AND ANNUITIES JAN 28, 2022
Lincoln partners with CHIP to broaden access to advice

The firm's African American Financial Professionals Network will use tools provided by Changing How Individuals Prosper, an online referral network.

By InvestmentNews
Ask follow-up questions to better serve client needs
OPINION JAN 28, 2022
Ask follow-up questions to better serve client needs

When a client has a request, dig deeper before you take action by asking, 'Why you want to do that?'

By Michael Broad