More about InVest: As new digital tools transform wealth management, the industry’s largest players are rushing to adapt to ever-increasing customer expectations, while smaller firms strive to keep pace. Behind the scenes, many are investing more on technology and hiring to drive growth, but margins remain under pressure. In|Vest West is exploring all the dynamics at play — from front to back office — and the technologies that are shaping the future of the firm.
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Here's what you missed this week in wealth management.
January 28
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The hits came from all directions: net loss was steeper than anticipated, monthly active users dropped and average revenue per user tanked
January 28
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Stephanie Diana Eubank is a subject matter expert on remote leadership & condo underwriting
January 28 -
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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.
January 28
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Larry Mellon is tax director in the Chief Tax Office at
Vertex Inc. , where he is responsible for providing insights, thought leadership and customer-centric direction. He joined Vertex in 2005 as a sales and income tax supervisor and has served as tax manager since 2012. Prior to joining Vertex, he was a senior tax accountant and property tax manager at Foamex International. Mellon also held multiple roles at the Franklin Mint and is a member of the Institute of Professionals in Taxation.January 28
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Growth among Black and Hispanic CFPs saw double-digit percentage gains in 2021. But overall representation remains stagnant year-over-year.
January 27
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Some applicants claimed to have gained years of investment experience just days after an initial application was denied.
January 27
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The firm “has barely scratched the surface” of selling its technology to independent financial advisors and brokers.
January 27
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Recalling the days when Stifel had only about $8 million in AUM, CEO Ron Kruszewski says that doubling its client assets is doable.
January 27
