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.
-
The London-based banking giant announced a plan this week to exit the mass-market U.S. retail business and focus on managing the wealth of affluent globe-trotters. But other international banks will provide stiff competition.
May 28
-
Raymond James, LPL, Kestra, the SEC, Dynasty, Janney Montgomery Scott, Mercer Global Advisors, Adasina Social Capital, Fidelity and other quick takes from the week in financial advice.
May 28
-
Account openings on the app doubled in 2020 from a year earlier.
May 28
-
-
Uncertainty around coming tax changes and the coronavirus pandemic are making it harder for tax pros to plan.
May 28
-
When you stop worrying about what you can get from others and focus more on what you can give back, it turns out that there’s a lot to gain, writes Tim Gerend.
May 28
Northwestern Mutual -
The firm grew its total assets under administration by 30% year-over-year, reaching $530 billion.
May 27
-
Once the cost of coverage is accounted for, the implied rate of return for investing through a return of premium term policy can be quite attractive, Derek Tharp writes.
May 27
-
Tim Gerend is chief distribution officer and executive vice president at Northwestern Mutual. He is responsible for the growth and success of Northwestern Mutual’s exclusive distribution system of more than 20,000 financial advisors, representatives, leaders and staff.
May 27
-
The app offers investing and banking products to more than 4 million subscribers.
May 27
