Wealth management

A former craft brewer and an ex-rugby star went indie with Gladstone Financial Resources Group.

Firms founded by Jason Wenk allegedly failed to oversee a former advisor accused of investing clients in unregistered securities.

Advisors typically take most of their clients with them when they go independent, but not all of them do.

Once derided as fringe and unsustainable, advisors are finally accepting the business model.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

With many clients already home from work because of the pandemic, advisors are being asked why not now? For most, even the wealthy, the answer is clear.

The changes follow new leadership of the bank’s recently unified wealth management operations.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

The firm’s diminished ranks are a sign of huge changes in the wirehouse world since the financial crisis ended.

The firm's offerings will include a discount self-directed investing service, a team-based “virtual” advisory business and full-service financial advisors.

The company is known for helping fintechs connect to banks and wealth management firms. Now it wants to help the firms catch up.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

Many financial advisors aren’t aware of serious conflicts of interest affecting the majority of retail clients, Northeastern University Professor Nicole Boyson says in a Financial Planning Podcast.

“I’d say independence is resonating with advisors now more than ever,” says recruiter Jodie Papike.

How they’re hiring, striving and even thriving under new conditions.

The firm said that 88% of sustainable indexes did better than their non-sustainable counterparts in the first four months of 2020.

New digital tools have boosted advisors' ability to reach more — but not all — clients.

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

Approximately 450 RIAs custody with Folio, which has $11 billion in assets.

The wealthiest clients require teams of professionals leveraging the highest touch service with a global reach, Markus Lammer, COO of Credit Suisse’s UHNW business in the U.S., explains in an episode of Financial Planning’s Invest Podcast.