Jessica Mathews

APIs, proprietary funds, customer service issues: executives explain what they’re planning as their company hits $6.7 trillion in client assets.

A new committee staffed by CFP pros and others is tasked with refreshing what consequences advisors will face for failing to comply with the board’s standards.

The systems are expected to be updated by the end of April, following calls from financial advisors on social media to make a change.

CI Financial has inked 14 deals for RIAs in less than a year — taking the lead in a hot M&A market.

Among the new hires is Scott Collins, former head of brokerage independence and institutional sales consulting. He is one of many ex-TD Ameritrade alums seeking new employment after Charles Schwab acquisition’s of the firm.

The CEO of three-generation family firm says they wanted to remove conflicts of interest and offer banking and trust services to clients.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

Kathy Murphy played a key role in scaling the company’s retail advice channel.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

Even as the numbers improve, Black and Hispanic advisors are still vastly underrepresented within the industry.

The firm credited keeping its offices open during COVID-19 as a major selling point as FAs industrywide kept making moves and repapering their clients.

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.

Regulatory shifts, M&A, new technology — there’s a lot on the horizon for the industry.

Waddell & Reed had been working in recent years to transform its “proprietary broker-dealer into a fully competitive independent wealth manager.”

The firm’s new business highlights the beginnings of a shift in the custody marketplace due to a series of consolidations.

Jon Stein was a pioneer of the robo advice industry, building a $25 billion firm over the past decade.

The deal underlines the bank’s focus on Folio's clearing and custody capabilities, as well as its 450 RIAs.

The custodian is upping the number of scholarships set aside for women and people of color.

More clients are also looking for financial advice within the custodian’s retail channel, which offers a robo advisor and full-service wealth management arm.

Advisors will face a drastically changed industry landscape and Schwab, already an industry leader, will play an even more outsized role in the marketplace.