Practice

Technological advancements are helping to empower employees, and wealth management firms will need to shift their cultures to continue to attract the best workers.

The company's head count has expanded by 43 advisors in the past year.

President Shawn Mihal unveiled a series of changes to the firm’s compensation grid, field structure and advisory programs.

Brokerage firms have been filing more lawsuits against former employees over alleged violations of non-solicitation agreements.

The advisors retained from shuttering Broker Dealer Financial Services will add more than 80 advisors now able to tap into the buying firm’s offerings.

The firm “has experienced a successful streak of recruiting over the last two years, adding more than 100 experienced financial advisors during that period,” says President Jerry Lombard.

Some were unable to access the firm’s website while the S&P 500 experienced its worst decline in nine months.

Concerns include preparing for SEC reporting rules and modernizing operational infrastructure to address evolving markets.

Concerns include preparing for new SEC reporting rules and modernizing operational infrastructure.

The move is the latest effort to reduce the early flow of money out of 401(k)-style plans.