Wealth management

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

The potential for higher rates in 2021 is real, but exactly what the rate would be, and who would pay those rates, is far from certain.

Potential customers include hedge funds, crypto miners and over-the-counter trading desks

The firm has added 42 advisors this year with a combined $3.8 billion in AUM.

Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.

The firm’s new business highlights the beginnings of a shift in the custody marketplace due to a series of consolidations.

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

The top 20 outpaced the broader industry and had an average net expense ratio far below the 0.45% investors paid last year.

Brian Truscott oversaw more than $330 million in client assets.

The firm also added a new unit to accommodate its dramatic advisor growth — from one to 140 in seven years.

The new hires generated approximately $5 million in production before making the move.

The deal underlines the bank’s focus on Folio's clearing and custody capabilities, as well as its 450 RIAs.

The scale of the withdrawal indicates that the ETF is both being used by large institutions and a favorite with retail investors, an expert says.

The firm has sought to broaden the range of clients it targets with its wealth-advisory services.

The wirehouse is also tweaking pay related to cash solutions for clients.

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.

The custodian is upping the number of scholarships set aside for women and people of color.

While broadening stock-market gains may one day provide more fertile ground for picking equities, right now fundamental managers are struggling.

Orion, Riskalyze and AdvisorPeak hope to offer a replacement to TradeWarrior, which will close on Dec. 31.