Practice management

To systematically understand the families you work with, first get to know their views on key behavioral-finance criteria, writes Michael Liersch.

“When I left, I told Morgan Stanley [Ron] was the best person I've ever worked for in my career,” says advisor Jason Fertitta, who is hiring his old boss.

Advisors have to make sure the whole team is treated fairly; avoiding making women into "the chick who always pours coffee,” writes Amanda Kerley.

The bank joined dozens of other companies in announcing that they would suspend and review their political donations following the Capitol riot.

Experts say financial advisors can stay compliant with their BD while tapping into the leads and new clients attracted by quality web pages.

As a decades-long loyalist of Bogle’s ground-breaking firm for decades, Allan S. Roth worries it’s losing its edge in client support.

The asset manager said it's particularly interested in how firms are behaving in the communities in which they operate, be it locally or via their supply chains.

With a new brand and new leadership, the firm hopes to tap into a burgeoning wealth management sector.

“The name may change but our commitment to the business, our clients and our advisors serving these clients is steadfast,” said division head Barry Sommers.

The rare move to set aside the regulator’s ruling came more than a decade after the rep ran into trouble by adding notes about his client into a software program.

Denika Tokunaga of Maven Wealth Management answered FP’s queries about challenges, opportunities and growing during the coronavirus.

"The game changed in 2020 and there’s a lot we have learned that can potentially skyrocket our success through 2021," writes Chip Munn.

The largest banks have cut compensation or held it steady for their top executives. Many regionals, though not all, are expected to make similar decisions as boards balance the desire to reward strong leadership during the pandemic with lackluster financial performance and public relations concerns.

The bank had nearly 270,000 employees at the end of last year.

Winging it during the pandemic, advisors came up with new ways to connect with clients and prospects. The best hacks are here to stay.

Those with the resources to sort through compliance thickets may be better positioned to take advantage of some long-awaited changes.

The quartet of financial advisors range in age from their 20s to their 90s, and are the second group to sign with Dynasty this week.

“It’s hard to make it mandatory. There are laws about that,” said Jamie Dimon, chief executive officer. “I think what we’d like to do is have carrots and sticks. We want people to take it.”

Career mobility and heightened client dependence are two unexpected by-products of extreme uncertainty, writes Jodi Perry.

With planners aging and the industry’s demographics still far out of step with the country’s, wealth managers are bulking up their support for new entrants.