Change management

Failing to have a solid succession plan is one of many risk factors that can tank an advisory practice's selling price, industry pros warn.

Sallie Krawcheck helped found Ellevest following prominent roles at Sanford Bernstein, Citigroup and Bank of America.

Dimple Shah, Osaic head of corporate strategy, said she and other executives expected some advisors to leave during the firm's "Journey to One" and that attrition has been mostly in line with expectations.

A record number of Americans expect to be unemployed soon, giving advisors opportunities to help them plan.

The partners at Pilot Financial have been through only one acquisition in their firm's history — the recent sale of Lincoln Financial's wealth groups to Osaic — and they're not eager to repeat the experience.

The banking giant's plans are an outlier in an industry that has been shedding jobs.

Columbia Wealth Advisors consists of roughly 50 advisors and other professionals affiliated with a large regional bank.

The change follows multiple reorganizations of the Wall Street giant's asset management division.

The case is the latest arbitration decision showing risks advisors run when they jump ship and think they can take investors with them.

Large pockets of the financial planning and wealth management industries have gone back to “business as usual” post-George Floyd.