Practice

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

The wirehouse added a pair of veteran advisors from its rival after picking up several new hires in recent weeks.

“Astute RIA leaders recognize that now is an opportunity for growth,” says one advisor.

About two dozen advisors are using the software now, and the firm is making changes based on their feedback, an executive says.

The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.

If planners can navigate data security and compliance concerns, the app can connect them with a huge new audience.

Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.

The Minnesota-based Falldin-Mattson Group was previously at Morgan Stanley.

It will be the largest bank channel team at the IBD, with its former clearing house Pershing taking a hit.

The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.