Demographics

The organization is focusing its efforts on diversity, technology and creative product development in 2020, says Jim Fitzpatrick, president and CEO of the group.

Bill Mahler had been chairman of the firm’s equity capital markets and equity asset management units. He was also on the executive committee.

“We need someone with a deep understanding of BlackRock, our business and, above all, our culture,” CEO Larry Fink wrote in a memo.

Among the honors this year by NICSA are awards for operational excellence, and advances in product development and technology.

For its annual NOVA awards, NICSA recognized asset managers and executives for operational excellence and product development.

Blucora’s Avantax Wealth Management combines two firms that took competing approaches to serving tax professionals branching into wealth management.

Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.

Four erroneous beliefs cause many new planners to fail.

Martin Gilbert helped build Aberdeen Asset Management through dozens of acquisitions starting in the early 1980s.

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Charlie Scharf’s most immediate priorities include mending fences with regulators and getting the bank out from under a Fed-imposed asset cap.

Charles Scharf will replace interim chief Allen Parker at the bank.

Pre-retirees expect their annual health-related expenses to top $7,000 once retired, however the actual cost can be much more.

Nearly three in four defer medical treatment, get suboptimal care to avoid deductibles or skip appointments to sidestep a bill.

With 20- and 30-somethings just beginning to build financial wealth, banks must orient their business to meet the needs of these consumers.

"Asset managers, like many businesses today, are being asked to do more with less," an executive says.

Hiring choices are having a ripple effect on compensation.

As the fee-based financial planning network adds more members and rolls out new services, some members raised questions about its ongoing business strategy.

With the net unrealized appreciation, workers can roll some employer stock into a taxable brokerage plan.

It's important to teach younger advisors every aspect of your practice. Start with "I don't know."