Economy

"The successful long-term players have the long-term tech driven trends right, and COVID just accelerated and magnified the trends," an expert says.

The custodian has 15 firms scheduled to transition before the end of this year. It hopes to migrate each of them over in less than six weeks.

A lack of faith gives investment and wealth management firms the lowest ranking among the least trusted types of financial services companies, a Morning Consult survey finds.

The program has historically been high-stakes and cold-calling friendly. Novice advisors can expect something different now.

Gabe Garcia had been working to transform E-Trade’s custodian since shortly after the retail brokerage purchased it in 2018.

Most foreign financial institutions have identified wealth management as a prime focus with investable assets estimated to double over the next few years.

After an initial phase of good-faith exams, regulators expect to see how firms have operationalized those programs.

Participants will instead be directed to use internal referrals or LinkedIn messages, according to a person familiar with matter.

Cypress Trust in Palm Beach is poised to pull off a rarity: the conversion of a wealth management firm into a community bank. It’s simply another way to take advantage of the ongoing melding of the two financial services sectors, CEO Dana Kilborne says.

With technology upgrades and the hiring of former TD Ameritrade recruiters, the No. 1 IBD eyes further expansion in the RIA channel.

Ameriprise, Raymond James, Edelman Financial Engines, Dynasty Financial Partners, Advisor Group, LPL, and other news, deals and career moves this week in financial advice.

Two advisors left their prior firm of 10 years after the bank’s wealth and asset management unit generated record net income in the first quarter.

The quartet of financial advisors leaving UBS after a decade also has an advisor with an equestrian specialty.

Here are 5 trends that picked up speed during the quarantines and will keep going after COVID is no longer dominating the economy, writes Larry Adam.

The Financial Services Institute blasts the move and won't rule out legal action to reinstate the more favorable Trump-era regulation.

The bank and asset manager has filed for four exchange traded funds in recent weeks, and its strategy for distribution starts with RIAs.

The Foundation for Financial Planning has been rallying financial planners and corporate executives for more than 26 years to help the people advisors typically don’t reach.

After its industry-leading headcount dipped slightly during the temporary ban, the wealth manager plans to offer more resources for incoming recruits.

The current arrangement is anti-fiduciary and could put a drag on the wealth management boom, writes Kevin Armstrong.

Advisors and clients at Bank of America's brokerage can now collaboratively create multiple accounts across the firm simultaneously.