Wealth management

The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.

As more active strategies embrace the exchange-traded model, the landscape may be shifting.

Some say conversations about race have no place in the workplace. We disagree.

The company’s new suite of APIs is designed to help firms develop technology with its data, but they aren’t the only player using data to conquer advisor fintech.

Talks had focused on plans to attract $15 billion of assets under management, mostly from wealthy Latin Americans, according to people familiar with the matter.

As much as $16 trillion of global wealth may be wiped away this year as a result of volatility and economic fallout from the pandemic.

Secretary of Labor Eugene Scalia said retirement plans aren’t for “furthering social goals or policy objectives that are not in the financial interest of the plan.”

A new book could help advisors better grasp the difficulty with the topic of money among underserved client groups.

The advisors defected from rivals UBS and Merrill Lynch.

Instead of “disrupting” finance, Cerulli research suggests all-in-one financial hubs may be the way forward.

After logging 27 years at the firm, the advisor is starting his “next 25-year chapter” as an independent.

In both moves, fathers brought their children to work as colleagues.

The industry’s lack of Black people and other minorities may explain why the world of social investing has fallen short on pushing corporations on race.

LPL has reeled in about half of the reps changing their BDs so far this year, but the full RIA channel is also reaping big gains. Plus, other news in the indie space.

As much as 86% of investors in a recent survey say they would prefer prefabricated fund packages, as long as they were properly spelled out by advisors.

Leveraging big data, machine learning and artificial intelligence will extend stock selection beyond its current capabilities, according to Procure Holdings President Bob Tull.

The wirehouse says it wants to simplify pricing for separately managed accounts and expand client choice.

The wirehouse added more than a dozen advisors in the last month managing more than $1 billion in client assets.

Just 5% of its 16,000 employees are Black, according to the company.

"The stillness of the time produced by the pandemic quarantine has put age-old issues in the spotlight,” writes Visionary Leader Awards judge Dasarte Yarnway.