Practice Management

Displaying 10206 results
Fledgling IFP Securities' net capital deficit was an 'accounting error,' CEO says
INDEPENDENT BROKER DEALERS MAR 09, 2023
Fledgling IFP Securities' net capital deficit was an 'accounting error,' CEO says

CEO Bill Hamm said the net capital deficit of $120,000 shown in IFP's Focus report was the result of accrual accounting.

By Bruce Kelly
Purpose just as powerful as profits as a magnet for women: J.P. Morgan's Lemkau
PRACTICE MANAGEMENT MAR 08, 2023
Purpose just as powerful as profits as a magnet for women: J.P. Morgan's Lemkau

Speaking at the American College's Women Working in Wealth conference, the CEO of J.P. Morgan Wealth Management said the firm aims to win clients early and then ease them into ever more personalized advisory services.

By Joanne Cleaver
Sanctuary fired CEO Dickson over alleged conduct issue
PRACTICE MANAGEMENT MAR 08, 2023
Sanctuary fired CEO Dickson over alleged conduct issue

But the allegations cited in Dickson's BrokerCheck report are not specific; Dickson had led the firm since 2018.

By Bruce Kelly
Gender diversity gives funds a performance lead
PRACTICE MANAGEMENT MAR 08, 2023
Gender diversity gives funds a performance lead

Investment teams in the highest quartile for gender diversity outperformed others by 45 basis points, according to Willis Towers Watson.

By ESG Clarity
Women advisors' take on succession planning
OPINION MAR 08, 2023
Women advisors' take on succession planning

Several unique elements affect women advisors' planning, including a greater focus on the established relationships between staff and clients and on the maintenance of culture within their practice.

By Hannah Buschbom
Comerica to use Ameriprise as broker-dealer for  100 advisors
INDEPENDENT BROKER DEALERS MAR 06, 2023
Comerica to use Ameriprise as broker-dealer for 100 advisors

Ameriprise jumped into the bank broker market in 2017 when it acquired Investment Professionals Inc.

By Bruce Kelly
UBS CEO gets 11% pay hike
PRACTICE MANAGEMENT MAR 06, 2023
UBS CEO gets 11% pay hike

Ralph Hamers received $13 million for his second full year in the job while the overall bonus pool for the rest of the firm was cut 10% to $3.3 billion.

By Bloomberg
Striving to win at compassion? You've missed the point
OPINION MAR 03, 2023
Striving to win at compassion? You've missed the point

As a management tool, compassion is hard to execute and easy to love.

By Sonya Lutter
Finra encourages brokers to increase scrutiny, controls when using finfluencers
FINTECH MAR 01, 2023
Finra encourages brokers to increase scrutiny, controls when using finfluencers

The regulator releases an update to an exam sweep probing how member firms tout themselves on social media.

By Mark Schoeff Jr.
LPL facing SEC investigation into unapproved personal devices
FINTECH MAR 01, 2023
LPL facing SEC investigation into unapproved personal devices

LPL's disclosure follows a crackdown by US regulators on financial firms' failure to monitor employee communications on messaging apps.

By Bruce Kelly
Get back to your roots and market
OPINION MAR 01, 2023
Get back to your roots and market

As an advisor's client base grows, more of their time is spent servicing existing clients, which leaves little time for finding new ones.

By Scott Hanson
Advisory firm looks for clients right before they need advice
RETIREMENT PLANNING MAR 01, 2023
Advisory firm looks for clients right before they need advice

Michigan-based Innovia Wealth concentrates on entrepreneurs who are on the brink of striking it rich.

By Jeff Benjamin
Biden plans to name Julie Su as next Secretary of Labor
RETIREMENT PLANNING FEB 28, 2023
Biden plans to name Julie Su as next Secretary of Labor

Su, who would become the first Asian American Cabinet secretary in Biden’s administration, would replace Marty Walsh.

By Bloomberg
Merrill Private Wealth promotes Hans to lead unit
PRACTICE MANAGEMENT FEB 27, 2023
Merrill Private Wealth promotes Hans to lead unit

For the last six years, Lindsay Hans has headed Merrill's Northeast and Mid Atlantic Divisions. She succeeds Don Plaus, who's retiring.

By Bruce Kelly
10 cities with the highest concentrations of financial advisors in 2023
PRACTICE MANAGEMENT FEB 27, 2023
10 cities with the highest concentrations of financial advisors in 2023

Some cities have far higher ratios of personal financial advisors to adult inhabitants than others.

By InvestmentNews
TIAA adds industry veterans to retirement solutions team
RETIREMENT PLANNING FEB 24, 2023
TIAA adds industry veterans to retirement solutions team

TIAA announced the hiring of Shamila Rajaratnam from the Vanguard Group and Jim Mullery from Prudential to round out its retirement solutions leadership team.

By Gregg Greenberg
LPL taps Schwab veteran for RIA growth
INDEPENDENT BROKER DEALERS FEB 23, 2023
LPL taps Schwab veteran for RIA growth

Julian Lopez will focus on LPL's relationships with independent advisors.

By Bruce Kelly
Student athletes' NIL deals give advisors the ability to create change
OPINION FEB 23, 2023
Student athletes' NIL deals give advisors the ability to create change

Financial advisors can play an active role in the success of student athletes with name, image and likeness deals, but they need to speak the language of their young clients.

By Dorian Langlais
Wells Fargo latest to face probe of use of messaging apps
FINTECH FEB 22, 2023
Wells Fargo latest to face probe of use of messaging apps

The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.

By Bloomberg
TradePMR, FP Transitions partner on consulting service
PRACTICE MANAGEMENT FEB 21, 2023
TradePMR, FP Transitions partner on consulting service

The service aims to help RIAs and breakaways with organizational structure, compensation and entity design.

By InvestmentNews