Industry

The chief executive outlined a future where offices need not be fully staffed.

Mike Santomassimo is succeeding John Shrewsberry, who has held the role for the past six years.

The group had been at their previous firm for 14 years.

The new hire joins a fast-growing complex in Northern California.

The list shows how firms of all sizes face a pivotal balancing act in seeking to recruit and retain advisors.

The widespread popularity of the compensation descriptor, long ballyhooed by RIAs, ultimately proved problematic for the CFP Board which has updated its standards.

Northwestern Mutual’s practices raise difficult questions about the nature of retail advice just as wealth management faces greater scrutiny under new rules.

After 30 years in the wirehouse world, we found an unlooked-for opportunity for our practice amid devastation.

Wealth management profits fell, but a steep rise in transactional business offset some of the decline.

“The face of our industry is typically not me,” says the Vanguard and DFA veteran. “I thought about how many young people that I could inspire. So I raised my hand.”