In sessions at the CFP Board’s annual Diversity Summit, executives, academics and a member of Congress called on more firms to follow Merrill Lynch’s example.

The firm’s head of acquisition, strategic growth and retention discusses how the wirehouse aims to expand among historically excluded groups.

Morgan Stanley is introducing an initiative to draw more young people from diverse backgrounds to the finance industry, furthering its outreach efforts a week after appointing to the bank’s board its first woman of color.

A nonprofit research group compiled a growing list of products amid the question of whether the deluge of information and resources will result in systemic change.

With no standard definition of what constitutes a socially responsible investment, the SEC is looking to police funds and protect investors.

A college professor and investment firm partner views real estate and venture funding as a crucial means of building generational wealth.

Employers surveyed last month expect about half their staff will return on an average weekday by the end of January — most expect employees to spend fewer than four days a week in the office.

The midsize firm’s headcount fell for the fourth straight quarter, even as nearly every other key metric expanded from the year-ago period.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

The startup founder shares the key lessons learned from remote work and what led to the creation of a new FPA Knowledge Circle group.

After a $70 million fundraising round, the company also plans to begin offering HSAs and emergency savings.

Advisors and clients can now track the performance of companies moving away from the “toxic and dangerous ways” of the past, according to the founders.

As independent wealth managers pitch potential recruits on their scale, the IBD network built tools and hired “growth officers” to work with practices.

Hundreds more financial advisors have flocked to the wealth manager this year, driving new highs in headcount, client assets and several other metrics.

CEO Ron Kruszewski predicted its independent arm will grow the way the employee brokerage has since the firm hired its first financial advisor in 1997.

The wealth manager’s financial advisor headcount is rising, along with the productivity of their practices.

One firm made three small changes that could appeal to brokers, while the other company’s overhaul will make it more closely resemble its competitors’ setups.

The public record designed to give clients a means of researching their advisor has no mention of some allegations, such as those against Eileen Cure.

Seven former Wells Fargo Private Bank planners left to join a firm seeking to expand where they say large banks and brokerages have pulled back.

A quartet of advisors with $400 million in assets chose the independent firm out of many suitors.