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 sheriff is coming to the preeminent financial regulator in the world,” said Justin Slaughter, a consultant at Mercury Strategies. “It means regulation and enforcement are about to get much tougher.”
January 14
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Mark McElroy is EVP and head of TransUnion's insurance business, leveraging advanced analytics and modeling to help the industry underwrite more effectively, target qualified prospects, improve acquisition and retention efforts, and identify and prevent fraudulent activity. He also contributes to the expansion of the practice through tactical development and implementation of insurance solutions in regions across the globe. Prior to joining TransUnion in 2012, McElroy was CEO and president of Balboa Insurance Group, a Bank of America company. He received a bachelor’s degree in economics from the University of Nebraska–Lincoln.
January 14
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The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.
January 14
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BlackRock’s CEO joins a chorus of corporate voices reconsidering their roles in the political process in the wake of the Jan. 6 unrest.
January 14
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Even as the numbers improve, Black and Hispanic advisors are still vastly underrepresented within the industry.
January 14
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A slower-than-expected rollout of the COVID-19 vaccines and the threat of social unrest after the Jan. 6 riot at the U.S. Capitol could threaten the recovery, according to an American Bankers Association panel.
January 14
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Two former FINRA employees are joining the fast-growing brokerage app.
January 14
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Pressure is mounting for firms to respond to last week’s violence at the Capitol.
January 14
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A wave of corporations have made changes to their PAC giving since a mob supporting President Donald Trump stormed the Capitol last week.
January 14
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The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.
January 14
