The Charles Schwab Corp. is looking for ways to boost the number of female financial advisers among its ranks after a survey found that 40% of its firms don't have a single woman advising clients. The solution is not something quick, easy or particularly well-demonstrated by other financial firms. It's also something that Schwab's female financial advisers likely will have to lead.
Today's Breakfast with (<i>InvestmentNews</i> senior columnist Jeff) Benjamin: SEC targets advisers; hedging with gold mining stocks; new muni bond math, and how athlete IPOs pull a hammy.
New minimum upped to $15 million in assets under custody
Big gathering has lots on offer including Washington updates, investing insights and practice management advice galore
Zywave splits in two, with insurance unit going to a new private-equity owner as financial advisory unit changes name to Advicent.
Plus: Goldman shows its softer side to recruit the Millennial market
For the third year in a row, LPL Financial plans to institute some kind of fee increase. The one slated for 2014 is on the firm's third-party money management platform and has some advisers unhappy. Bruce Kelly has the story.
Advisers - and their $800M in client assets - join Northstar from Essex.
VisionPoint Advisory serves corporate retirement plans, private clients.
Gen Xers and Millennials approach financial advice differently than their parents. Advisers need to learn what makes them tick to hold onto the family's assets.
With a shortage of advisers facing the industry, the cost to keep them will continue to go up, Fidelity's Waldemar Kohl said. The median compensation cost per lead adviser has grown to $174,000 this year from $165,000 in 2009, according to numbers presented at the conference. And personnel costs make up about 70% of adviser expenses.
A group of veteran Morgan Stanley managers has broken away from the wirehouse to form a partnership with Raymond James to offer equity ownership and succession planning to advisers.
Anyone who thinks they have busy days should listen to Chris Pollard's tale. This Regent Wealth Management Group financial adviser spent a year activated in the Army National Guard as a budget analyst by day — while serving his 100 advisory clients at night and over the weekends.
When your clients wake up in the middle of the night with sweaty palms, what are they afraid of? What is it they ultimately want you to protect them from?
IRS also sets tax break for single filers at $5.25M
Median investment adviser under SEC regulation has $270M in AUM, 92 accounts, and eight employees
Firm reports double-digit revenue gains in three units; 15% growth overall.
Ajay Gupta and partners managed $540 million at wirehouse; clients include new-age guru Chopra.
The beefing up of Raymond James' RIA business continues as affiliated RIAs will have access to the firm's alternative investment platform beginning in September.
Revenue, income, earnings up small, EPS miss expectations.
