“Our comprehensive product line, coupled with solid long-term investment performance, provided our advisers and distribution partners with a number of attractive alternatives to satisfy clients’ investment goals,” said Henry J. Herrmann, chairman and chief executive officer of the firm. “Despite poor investor sentiment toward equities, Waddell & Reed continued to gain market share. Inflows during the quarter represent annualized organic growth of 3.9%, compared to an estimated 2.6% for the industry.”
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Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.
October 2 -
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
October 2 -
Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower-income workers.
October 2 -
The second-largest asset custodian tilts its policies toward larger firms as commission-free trading continues to eat into its business safeguarding client assets.
October 1 -
Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
October 1 -
Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
October 1










