There’s a fix, but many firm owners are reluctant to make the investment.

There were 53 new billionaires in the U.S. this year, and 14 of them were women.

The group includes several industry veterans, one of whom has 50 years of industry experience.

Most people specialize so don’t expect to find a broad range of skills in one person.

The No. 1 IBD unveiled positive recruiting numbers for the third quarter, alongside an 84% jump in profits.

Conventional wisdom says to wait as long as possible to claim retirement benefits, but there are exceptions to the rule.

The No. 1 IBD poached two more teams from the largest firm in rival network Cetera Financial Group.

The team, which already has $3.5 billion in AUA, will service bond requests of any type from Arkadios Capital’s advisors.

The firm’s broker ranks expanded to 7,813 independent and employee advisors, a new high.

The firm has streamlined its leadership structure and overhauled its marketing strategy.

About 60 advisors have joined the broker-dealer so far this year, with five advisors and two firms coming on this month.

Industry efforts still have far to go as less than 3.5% of the 80,000 CFP professionals were black or Latino in 2017.

Financial advisors can reduce distractions and increase their profits by outsourcing these functions.

Many of the new hires are A.G. Edwards veterans.

The inaugural event builds on mounting industry interest in improving its historically dismal record on growing the ranks of minorities and women in wealth management.

This quarter the firm brought on 14 new advisors, who advised more than $1.1 billion in client assets at their former firms.

The No. 1 IBD added a practice with $520 million in client assets from rival Cambridge before walking back a new policy that has resulted in departures.

Still, the bank’s revenue-producing operations are split into four divisions, which are all run by men.

The relationship disintegrated because of a dispute about where to best place client trades.

“High-touch” support, technology and firm culture played a part in career changes for seven advisors.