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 majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.
September 15
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“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.
September 15
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It’s the latest team to exit the wirehouse as profit suffers.
September 15
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More than 60 million Americans could receive slightly higher benefits next year, according to a nonpartisan advocacy group’s new projection.
September 15
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The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.
September 15
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Work output was particularly affected on Mondays and Fridays, according to findings discussed by CEO Jamie Dimon in a private meeting with analysts.
September 15
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Despite its risks, the fund has become popular with day traders, who pushed its volume to new highs this month, according to a report.
September 15
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