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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More growth is on the way: the No. 1 IBD has one more massive recruiting move and a $300M acquisition to complete.
April 30
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While some jobs such as trading are more suited for an office setting, CEO Bill Stromberg says technology and programming roles can be better handled remotely.
April 30
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Joe Skarda, who was previously managing director of JPMorgan Chase’s U.S. wealth management central division, will oversee a unit that houses Key’s private bank, family wealth and mass affluent business segments.
April 30
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The prospect of going back to the daily grind is going to be “a really tough pill for a lot of people to swallow,” an expert suggests.
April 30
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The new rate, up from the current 37%, would encompass less than 1% of taxpayers, a White House official said.
April 30
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Despite a competitive fight among wealth managers for advisors, clients and industry AUM rankings, most practices are very small businesses — and some advisors want them to stay that way.
April 30
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It’s a significant pivot for the robo advisor, which has historically advocated passive, ETF-driven investing.
April 30
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Advisor Group, Raymond James, LPL, New York Life, Stone Point Capital, and other news and moves of the week in the financial advice world.
April 30
