Practice

“I respect every competitor, I don’t fear any competitor,” CEO Brian Moynihan said.

From digital-tool adoption to changing client conversations, industry insiders discuss the pandemic’s impact on wealth management.

Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.

“The rollout of this plan has acted as a tipping point,” says Nick Pennino, an Edward Jones advisor.

In the future, advisors will be able to support their clients by offering more personalized guidance as well as insights on what "people like you" are doing, writes Bill Parsons.

Estate planners are keeping a close eye on the department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.

Members of Congress are proposing bipartisan legislation to extend the deadline for Paycheck Protection Program loans another two months as accountants press for more time on the expiring program.

Returns by funds from Vanguard, BlackRock and DFA that use the strategy have outpaced global bonds in recent years, but underperformed stocks.

“The name may change but our commitment to the business, our clients and our advisors serving these clients is steadfast,” said division head Barry Sommers.

Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.