Portfolio

Advisors typically take most of their clients with them when they go independent, but not all of them do.

Once derided as fringe and unsustainable, advisors are finally accepting the business model.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

With many clients already home from work because of the pandemic, advisors are being asked why not now? For most, even the wealthy, the answer is clear.

Corporate-debt funds have led the intake since the central bank first announced its Secondary Market Corporate Credit Facility in March.

The changes follow new leadership of the bank’s recently unified wealth management operations.

“Just because someone’s charging 1% doesn’t mean you should take them off your list,” an expert says.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

The firm’s diminished ranks are a sign of huge changes in the wirehouse world since the financial crisis ended.

In the first-quarter’s coronavirus-driven market decline, 94% of sustainable indexes outperformed, BlackRock research shows.