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10 IBDs with the highest portion of female reps in 2022
Women are underrepresented in the advice industry, but at some independent broker-dealers, they make up a significant portion of the producing reps.
The Bud Light case for ESG
The 'anti-woke' crowd found a boogeyman in Anheuser-Busch just as it has with ESG broadly.
Merrill to pay $1.4 million over telemarketing violations
The company, which self-reported the issue, signed separate consent orders with Finra and the New Hampshire Bureau of Securities Regulation.
10 IBDs with the highest average payouts in 2022
InvestmentNews Research identifies the independent broker-dealers whose reps took home the highest average payouts last year.
Driving Business Efficiency as You Grow
As your business grows, it changes. You bring new clients onboard; current clients’ needs shift; service requirements expand. In order to ensure your firm maintains the high quality client relationships its known for, you need to establish a nimble infrastructure that’s ready to meet growth opportunities with you. Use the following framework to get started.
Goldman Sachs expands to Dallas, joining Wall Street’s latest move west
The number of finance and insurance jobs in Dallas has surged 33% in the past decade, more than double the national average.
When the going gets tough, the tough get EPIC
Amid volatile markets, it's important that financial professionals provide clients with Empathy, Perspective, Insights and Choices.
Liz Nesvold joins Cresset as president
Nesvold is exiting Raymond James to take on an expansive new role at Cresset's $30 billion platform.
Matt Sonnen joins Coldstream Wealth Management as chief operating officer
Sonnen, founder of consulting firm PFI Advisors, will work on improving Coldstream's back-office operations.
Morgan Stanley planning to eliminate 3,000 employees in fresh round of job cuts
The head count reductions, which are the bank’s second round within six months, will spare wealth management teams, including advisors.
Stifel to pay $3.2 million over former broker’s ‘predatory sales’
The firm allegedly failed to supervise Joseph Crespi, whose trading activity prompted 135 internal alerts over 12 months, according to the office of Massachusetts Secretary of the Commonwealth William Galvin.
Ermotti taps UBS veteran Naratil to lead integration of Credit Suisse
Naratil will become the firm's chief financial officer and lead the division that will oversee the Credit Suisse merger, a Swiss newspaper reports.
Wirehouses feeling the chill of autumn in the air
The giant firms face an approaching winter as they become less prominent in the overall advisory business.
The superiority of the fee-based compensation model
The preeminent conflict of the commission-based model is that it forces you to put the pursuit of new clients ahead of serving your existing ones.
BlackRock’s Dalia Blass leaves for law firm Sullivan & Cromwell
Blass, the former head of the SEC's division of investment management, led external affairs at BlackRock for two years.
Wells Fargo investors overrule board on annual harassment report
A majority of the bank's investors voted in favor of a shareholder proposal requesting an annual public report on efforts to prevent harassment and discrimination against employees.
Advisor Group makes rebranding campaign official
A new name is forthcoming, and the firm's eight independent broker-dealers will be merged under that new name in 18 months.
Morningstar brings competing model portfolios onto its proprietary platform
BlackRock, T. Rowe Price, Fidelity and Clark Capital will get shelf space alongside Morningstar's own models.
Legislation would allow use of 529 funds to finance training for CFP credential
The American Institute of CPAs is also backing the measure because it would cover expenses related to the CPA exam.
Financial industry CEOs earn more as shareholder returns fall
Higher stock and option awards notched chief executives' pay even higher last year, according to a report from ISS Corporate Solutions.