Practice

High unemployment, rising virus cases and the upcoming presidential election are causing clients to change their strategies, advisors say.

During Andy Kalbaugh’s tenure with the No. 1 IBD, its headcount grew by more than 50% to nearly 17,000 reps.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

“If you decide to make the portfolio more conservative, make sure you have a plan — an exact plan — on when to come back,” an expert says.

The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.

The team caters to athletes, entertainers, and entrepreneurs.

Do RIAs still have a clear advantage when it comes to modern planning software?

It’s enough to frustrate star traders, leaving them vulnerable to poaching by hedge funds willing to pay more.

They all spent over a decade at their former firm.