OppenheimerFunds, has named Kurt Wolfgruber as CIO. Wolfgruber, currently the company's senior investment officer and director of domestic equities, succeeds Leonard Darling, who will continue as vice chairman until his retirement this summer. Wolfgruber, who joined the firm two years ago, had been responsible for the investment process of $50 billion in assets managed by the company's domestic equity portfolio teams.
From buried treasure to a "hot shot" hauling business on the road, advisors share the client retirement plans they never saw coming.
In a series of webinars and journal articles, two lawyers and a financial planner are leading a collaborative discussion about how estate planning professionals can better serve African American clients and, in turn, all customers.
As college costs rise, some clients who fear their children taking on early debt make too much to qualify their children for aid, but not enough to pay for school outright.
With three years of market appreciation buoying most advisors' revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.
Brokerages applaud a new rule that will relieve them of the obligation to monitor advisors' side gigs such as driving for Uber or bartending. But regulators say they still have plenty of obligations to monitor outside business activities.
A new Vanguard and Escalent survey finds advisors are still using AI mostly for administrative tasks like meeting notes, even as firms plan to pour $1 trillion into the technology globally this year.
