Economy

Billy Ricketts is most likely the elder stateswoman of wealth management — but she and her grandson believed it was time for something new.

CFPs aren’t excused from acting as fiduciaries — even if they work at a firm that requires them to recommend proprietary funds.

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

Without the marital deduction, a certain category of married clients will have challenges inheriting property outright.

In five bite-sized offerings, Chairman Jay Clayton fails to tell the public what it needs to know about RIAs vs. brokers.

There’s a showdown looming between financial advisors and the custodians that safeguard their clients’ money. It’s been brewing for some time, and the move by Charles Schwab on Tuesday to offer commission-free trading makes the clash all but inevitable.

As custodial pricing continues to fall, it’s still unclear where firms will make up the the money — but analysts and advisors agree other custodians will follow suit.

The team, featuring three industry veterans, has opened a new Washington office.

Closed-end funds can allow all clients — not just HNW ones — to invest in alternatives

The IBD’s corporate RIA didn’t require about 350 banks to provide clients the terms of its arrangement.

By adding custody, the leading TAMP could boost revenue per advisor by approximately 200%, according to a recent report.

Buyers and sellers both can benefit from a formula based on the future performance of the business, rather than a metric of current performance.

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

The firm is relying on firm reputation and word-of-mouth referrals for growth.

Funds of funds, pensions, consultants, family offices and endowments have pulled $16.4 billion from generalist long-short equity funds this year.

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

Certain locations can help clients maintain their lifestyles — or even improve them.

Triad Hybrid Solutions has added 31 advisors and $1.3 billion in AUM since the beginning of last year.

CEO James Poer seeks a different approach from rivals under the IBD’s new ownership.

The new advisors have joined the firm from rivals including Wells Fargo and Morgan Stanley, according to an internal memo.