Andrew Welsch is a former managing editor of Financial Planning.
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![“The hardest thing [at the wirehouses] was caring for the legacy systems, things that had been carried over for 30 or 40 years," says Christopher J. Randazzo, president of private wealth management at Rockefeller Capital Management.](https://arizent.brightspotcdn.com/dims4/default/245e397/2147483647/strip/true/crop/3000x1688+0+22/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F05%2Fb7%2F5d5ca43e4c8e8c683650cfcc60dd%2F85a0271.jpg)
Top executive Chris Randazzo details how the firm intends to attract elite advisors and the clients they serve.
July 23 -
The declining headcount comes even as the firm pulls in several big hires.
July 23 -
The wirehouse’s pipeline for incoming brokers is at a two-year high.
July 22 -
The hire comes about a week after the boutique wealth manager lost a similarly-sized team to rival Morgan Stanley.
July 22 -
The beleaguered bank has suffered from attrition since a fake accounts scandal rocked the firm in 2016.
July 17 -
The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.
July 16 -
The advice industry’s current structure is “dumb” and in need of fixing, according to Betterment CEO Jon Stein.
July 16 -
Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.
July 12 -
The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.
July 11 -
The suggestion comes amid opposition from brokerage firms to an expanded fiduciary obligation.
July 9
![“The hardest thing [at the wirehouses] was caring for the legacy systems, things that had been carried over for 30 or 40 years," says Christopher J. Randazzo, president of private wealth management at Rockefeller Capital Management.](https://arizent.brightspotcdn.com/dims4/default/de64810/2147483647/strip/true/crop/3000x1688+0+22/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F05%2Fb7%2F5d5ca43e4c8e8c683650cfcc60dd%2F85a0271.jpg)
