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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Waddell & Reed had been working in recent years to transform its “proprietary broker-dealer into a fully competitive independent wealth manager.”
December 10
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Soumi Eachempati is CEO of Chelsea Health Solutions and a retired professor of surgery and public health.
December 10
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The potential for higher rates in 2021 is real, but exactly what the rate would be, and who would pay those rates, is far from certain.
December 10
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Potential customers include hedge funds, crypto miners and over-the-counter trading desks
December 10
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The firm has added 42 advisors this year with a combined $3.8 billion in AUM.
December 10
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Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.
December 10
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It's typically advised to shift income into the future to reduce tax bills for the current year. But experts say that may not be the best approach.
December 10
