Economy

The insurer-owned IBD identifies leaders in target markets as it offers independence “with a hug,” according to its head of recruiting.

Hailing from Merrill Lynch, Edward Jones and Waddell & Reed, the advisors join as both employees and independents

The newly independent advisor oversaw $92 million in client assets.

The 18-month project is part of the $3 billion that Bank of America allocates annually to new technology initiatives.

One team is among the top producers in their region, and the other spent more than two years assessing potential employers.

The firm's new suite of eight low-cost ETFs include two funds that are no-fee.

The acquisition, set to close later this year, will create a behemoth among custodians.

Nicole Pullen Ross also heads an initiative to handle wealth management for athletes and entertainers.

Everything from compliance to admin work is part of the job, and advisors have to “figure this out by themselves or find a third party,” a planner says.

The $4.64 billion fund lost 75% of its value in two months.

The moves also indicate advisors are more willing to make a career change following a recruiting slowdown due to the coronavirus.

The firm experienced record call volumes earlier this year.

The SBA’s form clarifies some issues, but still leaves questions to be answered.

More than 300 reps have switched BDs so far this year, with LPL and Cambridge Investment Research completing the two largest grabs.

LPL advisor Kashif Ahmed tweeted his condition from the emergency room then focused on recovering, knowing his firm could run without him.

The team is staffing a new office in California for the boutique wealth manager.

A planner's casual query about his workspace prompted a rousing discussion in an online chatroom. The conclusions that emerged suggest a reimagined physical and virtual space for planners to meet clients.

The wirehouse, which has reduced recruiting efforts, enticed the team over from AllianceBernstein.

The advisors had logged seven years at their former wirehouse.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”