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UBS Americas reported $14 billion in net new asset outflows in Q4, marking its worst period since the firm announced major compensation changes in November 2024.
February 4
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As AI agents move from theory to reality, some advisors are implementing these tools into their technology stacks, but not without human oversight.
February 4
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At a hearing Tuesday, executives at the Swiss banking giant faced tough questions from both Republicans and Democrats. The lawmakers are unhappy with the bank's recent decision to withhold certain documents from a lawyer who's overseeing research regarding Nazi accounts.
February 3
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Raymond James tapped industry veteran Mark Buchanan to lead a new ESOP advisory group focused on tax-advantaged succession strategies.
February 3
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Internal succession planning is messier but aligns with a true fiduciary firm's core values, argues Neela Hummel of Abacus Wealth.
February 3
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The language that financial advisors use in their first interactions with prospective customers could make or break the relationship, according to an expert.
February 3
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The SEC's decision marks a startling reversal from the full-court press it had mounted against Commonwealth Financial Network in 2019 over alleged failures to disclose conflicts of interest in its brokers' mutual fund recommendations.
February 3
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In a Q&A interview, Christine Brown explained her plans for the role leading a team of a half dozen specialists assisting Kestra financial advisors.
February 3
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Artificial intelligence tops the investment priority list for family offices globally, a survey from JPMorgan's private bank shows, though allocations lag and remain concentrated in public equities.
February 3
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An extremely large proportion of people trust AI with financial information and guidance, probably more than they should.
February 3
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Relationship management systems are the traditional hub of financial advisors' technology stacks, but new AI tools may supplant them. Here's how advisors on the ground see it.
February 2
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NewEdge Advisor's recruiting win from Ameriprise is the third recent big win for the New Orleans-based company.
February 2
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With more than $12 trillion in assets, the company led by CEO Salim Ramji is pressing its advantages of scale in a rapidly consolidating, commodified industry.
February 2
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As more financial advisors near retirement without clear succession plans, some RIAs are turning to ESOPs and Section 1042 rollovers to exit on their own terms.
January 30
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Linda Friedman, who has made a career with Wall Street discrimination and harassment cases, is representing an ex-Citi executive in a bombshell lawsuit this week. Things didn't have to take this turn, she contends.
January 30
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CEO Rich Steinmeier looks past advisors defections to tout progress toward its goal of retaining 90% of the assets Commonwealth Financial Network had at its purchase last year.
January 30
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In the coming weeks, the CFP Board will launch a working group to reconsider whether a bachelor's degree should remain a requirement for CFP certification.
January 29
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Ahead of the expected closing of Fifth Third Bank's deal to acquire Comerica Bank, Ameriprise CEO Jim Cracchiolo provided few new details.
January 29
