Economy

Financial advisors choose technology the way cyclists pick out their rides, Riskalyze Managing Director for Enterprise Services Dana Rhodes explains in a Financial Planning podcast.

The firm is hosting virtual meetings with prospective hire as it seeks to further its growth.

The firms have grabbed some three-fourths of the announced incoming advisors, as the pandemic cuts into valuations and casts uncertainty.

There’s more money at stake when executing trades in current market uncertainty.

It’s one of several ways that the firm is working to keep growth plans on track.

Deposits increased by almost $30 billion in March alone, with clients shifting out of equities and into cash.

“Through these difficult times, we are able to work remotely and seamlessly” thanks to the firm's digital tools, ex-RBC advisor says.

The firm detailed its strategy for complying with the SEC’s regulation ahead of its June 30 enforcement date.

AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.

Nearly everything fell during the difficult first quarter: net income, advisory assets, IRA assets, and advisor headcount.