Growth strategies

Akshay Singh’s Indyfin seeks to give more independent practices access to client leads and the potential opportunity of online reviews.

With practices innovating in the way that they engage with clients and prospects, some may be missing out on business opportunities.

Across the country, banks of all sizes are investing in the wealth business as a way to deepen customer relationships, capture recurring revenues and tap into a massive transfer of wealth from baby boomers to Generation X and millennials. A lot of money is up for grabs, but maybe not enough to go around.

Deutsche Bank promoted Charlie Burrows to oversee the expansion of the bank’s wealth management unit across the southeastern U.S., as the German lender builds out its business of catering to the ultrarich.

This elite group of young regional employee representatives collectively generate more than $87 million in annual revenue.

This elite group of young wirehouse and regional employee representatives collectively generate more than $200 million in annual revenue.

David Li of J.P. Morgan Wealth Management began learning the profession out of necessity at a young age.

The wealth manager is also growing faster than in years past among its traditional mass affluent base after a record fourth quarter, Jim Cracchiolo says.

The roughly 90 advisors expected to move from Hefren-Tillotson upon close of the deal will change their custodian and RIA as well.

Bank of America revamped leadership across its wealth management business, placing more responsibilities on current heads Andy Sieg and Katy Knox.

CEO James Gorman set a goal of 30% after the wirehouse’s gains easily outpaced rising expenses from compensation and the E-Trade deal.

The 20-year industry veteran serves athletes and entertainer clients and he has an app and video series called “Mind. Body. Money.”

The traditional brokerages have yet to relinquish their leading share of client assets, according to a new Aite-Novarica Group report.

Schwab Advisor Services says many advisory firms have yet to deploy some documented best practices to boost their business.

Planner Jesse Abercrombie has built a niche of clients whose needs and interactions with the practice are shifting during a time of remote work and new technology.

The 25 biggest firms in terms of client assets manage a larger amount than the size of any country’s gross domestic product and a third of the world’s total.

ACG, the founding practice of a midsize firm, will keep some ties in place as it seeks further expansion under one of the most active acquirers in wealth management.

As independent wealth managers pitch potential recruits on their scale, the IBD network built tools and hired “growth officers” to work with practices.

FP’s annual list recognizes the accomplishments of an elite cohort of young wirehouse and regional advisors.

Here’s what one advisory firm found were the most common financial planning questions among a historically underserved group.