Every basis point of revenue based on client assets poses competitive implications. Here's how the upcoming change could affect financial advisors' businesses.

The near-blunder occurred in the same month that another part of the bank accidentally credited $81 trillion to a different client.

The president of the firm's Private Client Group also discusses why advisor headcounts don't mean much anymore and how private equity owners of wealth management firms may have trouble realizing their value propositions.

Location plays a crucial role in growth and advisory practice valuations — just not in a simple map focusing on the largest cities with the most wealthy people.

Also this week, Cetera closes on its purchase of Concourse Financial Group, and Raymond James appoints a head of AI.

RBC's firmwide net income skyrockets despite rising costs, even as its advisor headcount holds steady.

The largest independent digital investment advisor in the U.S. is buying the automated investing arm of the woman-focused company.

Wells Fargo joins Bank of America, Citi and Charles Schwab in stepping away from its DEI policies.

The hiring comes roughly a month after Ida Liu resigned and the firm embarked on a regional restructuring.

Citi CEO Fraser announces the end of the diversity, equity and inclusion initiatives it had started a mere three years before.

In an annual report, Bank of America removed "aspirational" diversity goals and replaced the word "diversity" with "talent" and "opportunity," citing new laws and executive orders.

The Immersion conference seeks to boost the number of planners using alternatives to the traditional AUM fees one advisory practice — and attendee — at a time.

Last year set a record for mergers and acquisitions among advisory firms. Industry experts expect more of the same in 2025, driven by a desire for client and asset growth.

Kevin Keller prides himself on the growing public awareness of the CFP mark while warning that his successor is likely to face increased competition from other groups.

Also this week, LPL pulls a big team from Raymond James, Merrill from Morgan Stanley and Dynasty from CIBC.

Affiliated Advisors aims to recruit, retain and advance wealth management professionals with resources aimed at three different career stages.

Up from $26 million in 2023, Jane Fraser's compensation last year saw the largest increase so far among heads of big U.S. banks.

Financial Planning announces its 2025 class of the top 40 most productive employee wealth management brokers under age 40.

Financial Planning announces its 2025 class of the top 40 most productive employee brokers under age 40 at regional U.S. firms.

The RIA aggregators Prime Capital and Corient also made their marks with big acquisitions.