Industry

At the IMPACT 2021 conference, CEO Walt Bettinger and head of advisor services Bernie Clark shared plans to grow the firm’s market share of independent advisors.

The giant custodian unveiled a new turnkey asset management and technology platform it says will boost its market share among RIAs and other advisory firms.

The brokerage now manages $7.61 trillion across its retail and RIA custody businesses.

CEO David Solomon sees opportunity in the industry for further acquisitions and organic growth after the firm’s significant pivot in the last two years.

The bank’s wealth management unit has “underinvested” in its online and independent divisions, CEO Charlie Scharf said.

Here's what you missed this week in wealth management.

James Gorman says the wealth manager is seeing much better retention and recruiting due to its “multiple channels of growth” after several acquisitions.

It will operate with central staff at the group level coordinating with teams within UBS’s wealth, asset, investment bank and Swiss units.

Teams managing $7.5 billion in client assets flocked to Financial Advocates through referrals from other reps who had previously moved to the firm.

Expecting everything to work seamlessly from day one can lead to a rude shock.