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Despite rising awareness of DEI issues, change is slow to occur
While underrepresented ethnicities make up about 15% of new CFPs each year, the new arrivals barely move each group’s overall presence in the profession.
Strong first half for markets forces advisors to defend pessimistic outlooks
The broad markets are climbing a wall of worry, although that's been overshadowed by the triple-digit returns of tech sector highfliers.
Reveal and respond: What truly matters to prospects and clients
If advisors want to drive more meaningful and engaged relationships with clients, they need to be equipped with tools to reveal and respond to the true needs of prospects and client.
Student loan court ruling is a ‘one-two punch’ for clients
Advisors react to financial challenge posed by Supreme Court's decision, combined with the lifting in October of a freeze on student loan payments
How the end of affirmative action could hurt financial advice
Diversity among financial advisors is currently lacking, and the Supreme Court's ruling is unlikely to help.
Carson Group parts ways with its first chief technology officer
Nimesh Patel was named to the firm's newly created CTO position in February 2022.
Morgan Stanley gets serious about a new CEO
Wealth management boss on shortlist of three to replace outgoing Aussie.
NAPFA OKs membership for advisors with trailing commissions
If advisors receive $2,500 or less in commissions and donate the proceeds to charity, they can join the fee-only organization.
UBS plans to cut over half of Credit Suisse employees
Banks, traders and support staff in Credit Suisse's investment bank in London, New York and some parts of Asia are expected to bear the brunt of the cuts.
How to normalize allyship
Here's how men can step up and into allyship. It's not that hard.
Procyon Partners adds two advisors managing $600 million
Frank McKiernan and Jerry Sneed are joining Procyon, a Dynasty Financial network firm, from Baker Tilly Wealth Management.
Not enough rookie advisors to go around, Cerulli says
Financial advisor head count grew by just 2,579 advisors in 2022, while the failure rate among rookie advisors was more than 72%, according to a Cerulli study.
Edward Jones quartet in Wisconsin jumps to LPL
The four advisors control $400 million in client assets and their Elkhorn-based firm is called Omnia Wealth Group.
Memo to young advisors: Know the cost of a client
The opportunities for younger financial advisors to increase the value of their practices couldn't be better.
10 banks that retail customers rank highest for financial advice
Consumers dealing with inflation and market volatility would appreciate guidance from their bank, but few say they’re getting that, according to a new study from J.D. Power.
Bank of America earns highest marks for retail bank financial advice: J.D. Power
However, most retail banks are falling short of customers' expectations when it comes to the advice and guidance they get from their banks.
SEC fines JPMorgan $4 million for deleting electronic communications
A vendor improperly destroyed 47 million electronic communications, including emails and instant messages, from 8,700 inboxes.
SEC bars RIA chief compliance officer previously found guilty of fraud
Jennifer Campbell was office manager and chief compliance officer for a registered investment advisor in Buffalo, New York.
Charging clients fees based on planning rather than AUM works ‘beautifully’ for advisor
Although AUM fees still dominate, other models — such as planning, subscription, monthly and hourly fees — are gaining traction, according to IN's goRIA panelists.
Execs call for mandatory reporting of employee well-being metrics
Some 85% of C-suite executives believe that organizations should require mandatory reporting of well-being metrics, according to a study.
