Portfolio

As it does with savings, the app's algorithm calculates how much users can siphon off their earnings into retirement without missing the funds.

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.

In two recent moves, the firm promoted one of its own to regional director and lured another back from AllianceBernstein.

Global equities notched their largest monthly gain since at least 1988, while multiple major benchmarks are at or near all-time highs.

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

This year’s report on advisor compensation shows how RIAs and IBDs are attracting, retaining and rewarding talent.

In a bid to attract clients left out by AUM fees, IBDs are enabling advisors to take approaches first made popular in the full RIA channel.

Coronavirus has accelerated trends in advisor compensation as firms move to an ensemble model and enhance their benefits packages.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.

The 20 mutual funds and ETFs on this list have an average fee of roughly 111 basis points.