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Wealth managers are seeking to drive change by equipping brokers with resources to engage historically excluded groups.

The platform allows advisors to tailor portfolios that have characteristics including state-specific credits, ESG considerations, duration targets and other criteria.

Here's what you missed this week in wealth management.

The wealth manager is also growing faster than in years past among its traditional mass affluent base after a record fourth quarter, Jim Cracchiolo says.

Growth among Black and Hispanic CFPs saw double-digit percentage gains in 2021. But overall representation remains stagnant year-over-year.

Some applicants claimed to have gained years of investment experience just days after an initial application was denied.

The firm “has barely scratched the surface” of selling its technology to independent financial advisors and brokers.

Recalling the days when Stifel had only about $8 million in AUM, CEO Ron Kruszewski says that doubling its client assets is doable.

CEO David Fortunato may say that the robo’s “philosophy and principles remain the same,” but the sale to a big bank is a huge change.

The ranking of the largest groups of funds stayed stable while money poured in.