Economy

Joe Skarda, who was previously managing director of JPMorgan Chase’s U.S. wealth management central division, will oversee a unit that houses Key’s private bank, family wealth and mass affluent business segments.

Advisor Group, Raymond James, LPL, New York Life, Stone Point Capital, and other news and moves of the week in the financial advice world.

The firm slimmed down its headcount slightly, even as it saw an uptick in advisor-related revenues from fees and asset management.

The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.

The firm’s recruiting is also gaining steam, despite the ongoing impact to its bottom line from low interest rates.

The 20-advisor team left Advisor Group’s Securities America for the private equity-backed holding company’s independent subsidiary, Cadaret Grant.

The Swiss bank added a sprinkle of new US advisors for the first time in years, amid record quarterly profits and plans for global job cuts.

The RIA roll-up could make as many as a dozen deals in 2021 through the new source of capital, CEO Marty Bicknell says.

As the firm repelled a rare activist challenge, a potential private equity buyer has approached it, according to a news report.

Advisors who leave wirehouses face key tax considerations to become successful RIAs.

Peggy Ho built the rival firm’s government relations team, and she’s joining the new firm at a pivotal time in wealth management regulation.

Where do top brokers earn the most?

Outmoded, unpopular, a tad unsavory: the once-ubiquitous title is now out of favor.

After appointing the committee and starting a new conference series, co-chairs Fanci Worthington and Stephen Oliver are asking all advisors to get involved.

The six-person will focus on ultra-high-net-worth families and individuals in South Florida.

The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.

From compliance to technology and succession, advisors may be under the wrong impressions about launching their own firms.

After 10 years at Merrill Lynch, a financial planner felt an entrepreneurial itch; "We should do this."

Move quickly, know your tech stack and use personal email in the planning stage, writes Mark Elzweig.