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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The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.
January 29
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I didn’t own GameStop but did profit from BlackBerry, also caught up in the current mania, writes Allan Roth.
January 29
Wealth Logic -
“This looks like pockets of frothiness, some irrationality undoubtedly, some nonsense undoubtedly," said BlackRock Vice Chairman Philipp Hildebrand.
January 29
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The margin requirements apply to Merrill Lynch wealth management clients and individual traders using the Merrill Edge platform.
January 29
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The systems are expected to be updated by the end of April, following calls from financial advisors on social media to make a change.
January 29
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The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a company spokesperson said in a statement.
January 29
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The simplest method involves having one traditional IRA and one Roth IRA, making one annual non-deductible contribution to the traditional IRA, and converting it before any gains or interest accrues.
January 29
Kuderna Financial Team -
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