Practice management

It’s one of the largest teams to quit a wirehouse this year.

It won’t just change the composition of corporate board rooms. It may change conversations with clients too.

The OSJ scooped up teams from Edward Jones, Wells Fargo Advisors and Wedbush Securities.

Waddell & Reed had been working in recent years to transform its “proprietary broker-dealer into a fully competitive independent wealth manager.”

Funding is getting tighter as advisors look towards marketing automation as an engine for growth.

The Buffalo, New York location is the independent firm’s 12th nationwide.

Efforts to diversify boardrooms have taken on new urgency this year as racial unrest called attention to income inequality and pressure mounted on banks and other publicly traded companies to do something about it.

Foresight is key — today's “overqualified” hire could be tomorrow's "capable choice for a promotion."

Clients have been jolted into engaging with their total wealth, not just their money, says UBS’s Ultra High Net Worth and Private Wealth Management Americas head John Mathews.

The Boston-based boutique oversees the assets of roughly 140 full- service clients and 800 individual households.

Advisors will face a drastically changed industry landscape and Schwab, already an industry leader, will play an even more outsized role in the marketplace.

Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.

Maybe not, says FINRA — but if you’re IM’ing, using slides during the virtual meeting, or recording it, probably yes.

As some firms closed their doors, the regional BD saw a selling point for new recruits and existing FAs in a different approach.

Investing in virtual tools is a must but planners must also seize this moment to expand practices and deepen existing relationships, writes Broadridge Financial's Michael Alexander.

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

While FINRA rules spell out what brokers generally need to determine a client's financial situtation, there can be gray areas, an expert says.

The more out-of-left-field the change, the more profound the lesson learned, our columnist has found in the corporate and individual practice realms.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

Advisors need a complete picture of the unique defined benefits and compensation a veteran receives.