Practice

The lead founder of Edelman Financial Engines, the largest independent advisor in the country, has surprising lessons about selling his 'clients first' firm to private equity investors.

The 10-person practice, rebranded as Puzzle Wealth Solutions, is led by CEO John Klaas and COO David Millington.

An emergency cease and desist order stopped the imposters in time.

Some clients may have to pay the money back if their jobs or salaries change.

Its parent seeks to support more holistic planning by combining it with two other subsidiaries.

The deal values the robo advisor at close to $966 million, according to people familiar with the matter.

The vision is to democratize “high-quality, personalized advice at scale, just as the independent advisor has disrupted wealth management,” the companies said in a statement.

Building a safer ecosystem: Why transparency, controls, and partnerships will drive next era of financial services.

More than 70% of U.S. bank workers expect their employers to allow some flexibility about where and when they do their jobs, according to a new survey from Arizent. The findings suggest that to attract and retain talent, banks will have to continue work-from-home arrangements that became standard during the pandemic.

The historic abolitionist showed how to be an ally in a specific and useful way, writes Keith Beverly.