Practice management

Ultrahigh net worth families often use extended networks of professionals and advisors — which is precisely what makes their financial data uniquely vulnerable.

They give advisors an opening into deeper conversations with clients, while their clients can express the larger vision behind their hopes for the future.

Citi also announced it had hired Christian Zeinler from UBS to be the head of strategy for Citi Wealth and head of business execution for the private bank.

Last year saw the biggest U.S. bank break its own record for profitability.

New chief executive Tony Miller has served as president of the large regional brokerage firm since 2023.

With 37% of financial advisors expecting to retire within the next decade, rookies are still failing at a 70% clip within their first five years, according to a new Cerulli study.

Lack of freedom and limited investment choices may be driving advisors at broker-dealers to leave their firms this year.

Failing to have a solid succession plan is one of many risk factors that can tank an advisory practice's selling price, industry pros warn.

Whether by partnering with outside professionals or gaining additional certifications or qualifications, advisors have been adding guidance on insurance, health care, taxes, estate planning and more.

It's never too early to school future heirs on the mechanics and productive uses of family wealth.