Employee retention

A net 236 brokers left the wirehouse in the three months ending in March, the company said in its latest quarterly report.

Firms are on the hunt for new talent, and they are upping their offerings to find and keep it.

The company said no additional layoffs would take place this year, but it left the door open to future staffing changes at the newly combined enterprise.

In order to avoid treating DEI as a fad, #DoingTheWork in wealth management ought to start with these critical steps, financial advisor Lazetta Braxton writes.

“The strategy was really tied to choosing the right partners who we knew had a greater likelihood of integrating well together,” says Amit Sahasrabudhe, COO of the firm’s U.S. wealth management business.

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.

Almost half of employers are already opening up their offices again — but some challenges lie ahead.

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.