American Century Investments of Kansas City, Mo., is making a minority investment in W.R. Hambrecht + Co., an entrepreneurial investment bank in San Francisco. American Century made the investment in part because of the bank's capabilities to offer initial public offerings online, according to Harold Bradley, senior vice president of American Century.
Edward Jones added $17B in net new assets despite a sharp slowdown in new client households, reflecting a focus on high net worth clients and specialized services.
Time savings is generally understood to be among the main advantages of AI note-takers. But advisors who have incorporated them into their practices said the benefits go much deeper.
Stocks have been on a historic bull run, but the good times can't last forever. Now's the time to diversify with private equity, credit and other alternatives, say wealth managers at Dynasty, Nuveen and WEG.
New tools go beyond simple automation. They're helping advisors deliver more meaningful value in client meetings.
In a filing with the SEC, Edward Jones announced plans to expand associate ownership by creating a new class of limited partners and a two-tier structure.
The Ensemble Practice's annual RIA compensation survey suggests that firms are paying a pretty penny for financial advisors but reaping healthy profits.
