Practice Management

Displaying 4679 results

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A socialist adviser helps far-left clients accumulate wealth while fighting for financial fairness

Zach Teutsch is proof socialists aren’t always averse to accumulating wealth as long as they can still fight the good fight against capitalism.

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Deutsche sees slew of departures in U.S. wealth unit

At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left, according to people familiar with the matter.

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LPL, Dynasty, Mercer are ramping up their tech C-suites

Recent hires at the advisory firms come at a time when the fastest-growing RIAs are embracing technology tools at higher rates than their peers.

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How firms can effectively communicate an ESG value proposition

It's critical for wealth management firms to create authentic and compelling narratives around their sustainable investing offerings.

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Daniel Moisand elected 2022 CFP Board chair-elect

The Florida adviser is on deck to become the group’s chair in 2023.

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Wells Fargo taps Tyers to head independent advisor group

The former AdvisorEngine exec will oversee FiNet, First Clearing and the wirehouse's RIA business.

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T. Rowe President Sharps to succeed Stromberg as CEO

Chief Executive Bill Stromberg is retiring after 35 years at the Baltimore-based asset management company.

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CFP Board proposes tougher penalties for hiding misconduct

The proposals would impose public censure for CFPs who fail to self-report ethical problems. The guidelines are the first recommendations to come from the Commission on Sanctions and Fitness, which was established earlier this year.

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Communications glitches between advisers and clients

Some of the most engaging practice stories arise from things we tell clients that they don’t hear or don’t remember, things we don’t think to tell them, and things they forget to tell us.

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Hub names chief investment officer

Brian Collins joins from Harbor Capital Advisors, a Chicago-based investment manager for Harbor Funds and pooled investment vehicles.

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Hightower adds $2 billion DC-based advisory firm

With the acquisition of Farr Miller & Washington, Hightower will install founder Michael Farr as its new chief market strategist.

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How neuroscience is illuminating the relationship between leadership and fiduciary responsibility

Preliminary research results indicate there's a strong correlation between genuine leaders and authentic fiduciaries.

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Wells Fargo Asset Management rebrands with new CEO

Legg Mason vet Joe Sullivan is bullish on the future of Allspring Global Investments. The $604 billion asset management arm of Wells Fargo & Co. is being acquired for $2.1 billion by GTCR and Reverence Capital Partners.

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High-net-worth investors are itching to change advisers

Twenty percent of high-net-worth clients say they're likely to switch their primary financial adviser this year, according to a Northwestern Mutual survey.

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It’s all coming together

Across the financial advice world, convergence is the name of the game.

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Banks making cheap loans to the ultra-rich

Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.

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Focus Financial continues expansion into Canada

Acquisition of Toronto-based Gavin Hockey Wealth Specialists gives Focus Financial another foothold in a market moving toward independence.

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Why are so many Merrill Lynch advisers leaving?

Whether they're inclined to stay or to go, advisers owe it to their clients and themselves to pay attention to the subtle, but important, changes happening at the company.

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Working canine to 5: Dogs in office help reduce stress

Employers that are dog-friendly might be more likely to have happy workers, especially after the pandemic.

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JPMorgan to double advisers in broker unit

The bank is planning to hire more than 500 advisers in its traditional brokerage business in coming years, bringing the total in that unit to 1,000.