Whiston will also get an annual bonus that depends on the annual performance of the company and the funds. Former Janus CEO Thomas Bailey received compensation of $544,563 in 2002 but no bonus. In 2001, he earned roughly $1.6 million in bonus, salary and other compensation.
Section 529 plans, or qualified tuition programs, offer tax-advantaged savings for educational expenses, but advisors say clients should also consider the accounts' limitations.
The rankings of the fastest-growing RIAs over the past 12 months, compiled by AdvizorPro, highlight key nuances of the channel's rapid expansion.
RBC's U.S. wealth business also benefited from a surge in loans to clients.
Equipping advisors with both soft and hard leadership skills can not only give them a morale boost, but also encourage them to stick around.
Gryphon Wealth will keep Wells Fargo Clearing Services as its custodian in a deal that brings in tech support from TradePMR, a firm acquired by Robinhood in 2024.
If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.
