The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.
The primary reason RIA principals continue to run their own shops, rather than cashing out or offloading day-to-day responsibilities, has to do with fear.
A recent survey by CFA Institute found 20% of retail investors say their primary reason for using trading accounts is entertainment or speculation.
But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'
The wirehouse's Video Pro guides advisors through creating compliance-approved content for clients and prospects.
AI can give you a deeper breadth of opportunities and broaden your scope of companies that may be considered innovative, according to State Street’s Matt Bartolini.
Dattomo, a longtime executive for medical associations, takes over from Geoffrey Brown, who departed NAPFA in November to become CEO of the Illinois CPA Society.
Finra's action against Long Island Financial Group is yet another indication of its dissatisfaction with the industry's implementation of Reg BI.
New and expanding programs are crafting on-ramps for traditionally underrepresented investors to the world of private equity and venture capital.
A survey by Bankrate.com found that more than half of those polled viewed financial infidelity as worse than physical infidelity.
Plus a couple of fintech fundraising announcements and another alternatives platform hits the market.
Investors will be able to see whether a brokerage has been flagged for having a history of misconduct or employing a number of reps with disciplinary violations.
But the deal raises the possibility other firms may go after the Securian advisors; Cetera and LPL have faced off in the past over recruiting advisors amid an acquisition.
The 35-year-old co-founder of AdvicePay and XY Planning said he got the AdvicePay board's blessing late last year to make the transition.
As firms increase in size, client referrals represent a declining percentage of new assets, while marketing accounts for a greater percentage.
We don't know how Reg BI or the CFP credential's fiduciary standard work in practice because there has been no substantial punishment for violating them.
Daniel Gamba starts work as president of the $1.2 trillion asset manager on April 3.
Giant financial services companies are starting 2023 with more moves to control and own the assets of financial advisors, rather than servicing them for a modest fee.
Financial advisory firms need to be sure that clients are able to read documents, and providing that access is an ongoing process.
