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Moving past Covid-19
The pandemic has become just another fact of life because this year, things are different. Most people are vaccinated. Many offices and businesses have reopened.
It’s raining records at Merrill Lynch
Merrill Lynch, an industry bellwether, reports a host of new highs in 2021, ranging from revenue to assets and net new ultra-high-net-worth clients.
Volatility, Covid and inflation worry Americans, survey finds
Three-quarters fear new Covid variant could cause a recession.
‘Great retirement’ in U.S. is driven by older female baby boomers
There were 3.3 million, or 7%, more retirees as of October 2021 than in January 2020, according to research by the St. Louis Federal Reserve.
Advisers to focus on staying home in 2022
Advisers like the autonomy of working from home and don’t want to have to go back to the office and wear a suit again.
Prospect of rate hikes puts 2022 economy, markets in clearer focus
Market watchers temper expectations for equity performance this year, but say risk assets still trump bonds.
Goldman backtracks on return-to-office as omicron surges
Other banks that have revised their staffing strategies and eased off mandates to return to the office amid the jump in infections include JPMorgan, Citibank, Bank of America and Jefferies.
Northeast RIAs see growth bounce back in 2021
After a trying 2020, large Northeastern RIAs saw growth this year rebound to 8.8%. The InvestmentNews annual review of RIAs by region includes firms with $100 million or more in assets.
Want your RIA to grow? Put people first
When advisers are looking for growth, they should embrace those 'touchy-feely' conversations some may not value, say panelists at the Women Adviser Summit.
Bonuses booming this year on Wall Street
Financial advisers typically don't receive end-of-the-year bonuses. But that doesn't mean others in the broader financial services industry won't see a bumper year.
More brokers in hot water over bad Covid-19 loans
Finra said at the start of the year it was looking into possible violations by registered representatives who applied for coronavirus-relief loans.
J.P. Morgan opens remote adviser business
The new registered investment adviser unit, J.P. Morgan Personal Advisors, operates under the roof of J.P. Morgan Wealth Management and will launch broadly next year.
Ameriprise makes headway in bank broker market, Cracchiolo says
The firm entered the bank broker business four years ago when it bought Investment Professionals Inc.
Steps to hire diverse talent
Firm leaders and executives should aim to broaden their potential talent pool and professional networks, says Schwab's Leslie Tabor.
Brother and sister advisers focus on environmentally conscious business owners
Christopher and Michelle Mackin are leveraging their love for the outdoors into a focused advisory practice.
Merrill spiffs up broker workstation, adds client banking information
The change in the broker workstation is part of a broad effort, dubbed internally Project Thunder, to make work life a little bit easier and more comfortable for Merrill's advisers.
FPA cancels annual conference in September
Citing a surge in the delta variant, the Financial Planning Association is offering registration refunds and providing advisers with access to free virtual presentations to earn CE credits.
Advisers reportedly gouged PPP loans by $36 million
Nearly a quarter of RIAs eligible for assistance received loans in the first round of the program last year, according to a recent study. Firms that abused the program were much more likely to disclose a history of past fraud and other legal or regulatory misconduct.
Charitable giving must support children’s mental health
More financial support is needed to combat the gap in financial investment in children’s mental health and improve access to care.
3 brokers in hot water over sketchy Covid-19 loan applications
The Financial Industry Regulatory Authority Inc. said at the start of the year it was looking into registered representatives who applied for coronavirus-relief loans for possible violations.
