Wealth management

A new industry snapshot highlights record firm count and AUM, while continuing steep client growth fueled in considerable part by the rise of robos.

The IBD spent $77 million on technology upgrades in 2016.

They made the move in part because of the marketing and research resources the firm offers, says new hire Todd Kissel.

The nation's biggest IBD believes macro trends are ideal to boost recruiting, says LPL managing director Bill Morrissey.

The new hire comes after the wirehouse said it would cut back on recruiting.

The firm is trying to show advisors how they can use LPL’s resources to “get more at-bats” with prospective clients, an executive said.

The firm continues a recruiting streak that has netted teams managing over $10.5 billion in assets this year alone.

A clinic at the University of Georgia has offered free advice through a variety of methods for almost a decade.

Judy Volkmann, founder of the FPA’s New York chapter, helped launch a college program connecting hundreds of mentors with students.

The smart-beta offerings each have an international focus.

Dan Arnold says behavioral management, automation and portfolio and planning services need to be combined to win future clients.

"Make the process as collaborative as possible," one expert says.

After Sept. 11, 2001, one planner resolved to use his skills as a CFP to assist affected families pro bono and he rallied others to his cause.

Michael LaMena's exit continues the management shake-up at the Chicago-based RIA.

Adviser headcount continued a slow, but steady decline, slipping to 6,915 from 7,116 for the year-ago period.

Yes, advisers can invest these funds in nontraditional assets, but you must understand the risks before giving clients the OK.

The microinvesting site, which now has over 2 million accounts, allied itself with Clarity Money.

Fidelity already has a private fund in China, and BlackRock plans to launch one as well.

CEO Dan Arnold said advisers’ uncertainty about the fiduciary rule is waning.

The new hires joined a recently opened branch in Tuscon, Arizona, continuing a push west for the regional firm.