Practice

Independent advisors may enjoy freedom of choice when it comes to all things digital, but giant institutions have a leg up with integration.

Major donor-advised fund providers said they’re using webinars, podcasts, social media and emails to nudge clients to give.

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

The insurer-owned IBD identifies leaders in target markets as it offers independence “with a hug,” according to its head of recruiting.

The new additions include an advisor with five decades of experience in the business, plus his two sons.

The average employer match was 4.3% of pay, according to a 2019 Vanguard report.

“We started with 40 people just marching, and it turned into 15,000," an advisor says.

Owl Rock plans to give up to $250,000 in interest-free loans to those impacted by the coronavirus and other economic and social crises, its co-founder says.

From fruit baskets to operations, financial advisors can tap into a range of ideas in a time of remote work.

Clients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.