Industry

Most young and mass market clients still turn to traditional firms, but a shift toward app-based accounts is under way, according to Broadridge data.

More growth is on the way: the No. 1 IBD has one more massive recruiting move and a $300M acquisition to complete.

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.

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.

Advisor Group, Raymond James, LPL, New York Life, Stone Point Capital, and other news and moves of the week in the financial advice world.

The White House’s sweeping proposal to raise taxes on the wealthy will likely force advisors to get creative as they structure sales of their practices.

The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.

It’s time to revisit your firm’s protocols to ensure they make sense given widespread tech adoption during the pandemic, writes Wes Stillman.

The firm’s recruiting is also gaining steam, despite the ongoing impact to its bottom line from low interest rates.