The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

The majority of planners intend to work remotely at least one day per week through 2021.

Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."

Bleakley Financial Group also picked up an ex-hedge fund portfolio manager while expanding its national footprint.

The seven advisors managed more than $450 million in combined client assets.

The number is behind previous years, but the firm’s new head of business development says independence is more appealing amid the coronavirus.

Could single premium immediate annuities be the answer to ultralow rates?

Choosing their own technology for clients was a big draw for the advisors, who affiliated with Kestra.

The No. 1 IBD has completed three of the sector’s 10 largest recruiting moves of the year.

The firm’s talent-analytics associate director had claimed the company hired fewer women than men and that she was paid less than her male counterparts.

Representation of women and minorities remains “startlingly” low.

The bank was seeking to overturn some $400,000 in attorney fees awarded to four advisors as part of a $2 million case.

CEO Robert Cook has launched a task force and started assessing his own actions, he said in a panel at the Quad-A Vision conference.

Ameriprise, for example, has hosted more six times as many advisors virtually than it did in person last year.

The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.

It’s the latest team to exit the wirehouse as profit suffers.

The firm is targeting elite advisors who cater to high-net-worth and ultrahigh-net-worth clients.

Clients may have an ability to increase the ratio of after-tax dollars in their account by completing one or more transactions that are exempt from the pro rata rule.

Some of the recently acquired advisors will open branch offices for the growing BD.