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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Advisors and clients at Bank of America's brokerage can now collaboratively create multiple accounts across the firm simultaneously.
May 7
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Scott Madenburg is a market advisor at
AuditBoard , where he works with various internal audit and compliance teams to help automate the administrative tasks of audit, risk and compliance activities. He is an internal audit leader with over 15 years of global business experience in financial, information system, operational, and compliance auditing; Sarbanes-Oxley; business process evaluation and design; ERP system implementation and administration; mergers and acquisitions; cyber-security; and fraud investigation. He began his career at Arthur Andersen before transitioning into internal audit with Fox Entertainment & News Corporation and Gemstar-TV Guide/Rovi Corporation. Prior to joining AuditBoard, he was the head of audit at Mobilitie LLC, where he built the internal audit function from the ground up to an eight-person department focusing on agile audits, cyber and IT security, and FCC compliance.May 7
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Ian Williams is a director at
KBKG , specializing in research and development andemployment tax credits . He spent 11 years at a Big Four accounting firm specializing in R&D tax credits and fixed asset studies across a variety of industries. He has extensive experience in software, heavy manufacturing, aerospace, automotive, and consumer products industries, as well as defending credit claims with the IRS.May 7
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Jason Melillo is a principal and local incentive practice leader at
KBKG . His areas of expertise are local incentives, employment tax credits which includes enterprise zones, Work Opportunity Tax Credits, andother employment credits . For over 20 years, he has worked with numerous companies and CPAs on employment tax credits as well as cost segregation studies.May 7
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The team managed $1.5 billion in client assets with Merrill Lynch, and they chose an RIA with ties to the wirehouse working in its favor.
May 7
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Diversification doesn't mean duplication and more advice isn't always better, write Whitney Solcher and John Ulrich.
May 7
Ulrich Investment Consultants -
The tax-focused wealth manager’s parent disclosed lower first-quarter earnings after an eventful period marked by a proxy fight and a reported acquisition offer.
May 7
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Not only are the portfolios similar, but performance is nearly identical, writes Bloomberg’s Aaron Brown.
May 7
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People moves and deals at RBC, LPL, Baird, Dynasty, Beacon Pointe, Rockefeller Capital Management and other quick takes from this week in the financial advice industry.
May 6
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John Ulrich, CFP, is CEO of
Ulrich Investment Consultants , a wealth management firm that serves a range of clientele including high-net-worth individuals and intergenerational families, public and private foundations and endowments, Native American governments and related entities, ERISA covered plans, and Taft–Hartley plans.May 6
