The industry's overhead grew by $71 billion over the past decade, according to a new report, and the solution will be fewer products, de-layered workforces and more reliance on technology.
The new platform will leverage technology to help financial advisers move clients onto the platform for personalization and tax management.
With the old-school mutual fund wrapper continuing to suffer during the down-market cycle, alternative strategies represent a lone bright spot.
As the $44 billion acquisition sparks extreme reactions for and against the new owner, fintwit considers whether tweeting is still worth all the fuss.
The deal combines North American and European businesses to create Nuveen Private Capital, a global debt platform with more than $60 billion in committed capital.
A report details unique needs and investing perspectives of women and estimates that failing to tailor products to their needs cost the industry about $14 billion last year.
Financial advisers have until Nov. 1 to help clients lock in the current rate, which drops by a third to 6.48%.
The asset manager's new platform is aimed at financial intermediaries who want to offer their clients customized separately managed accounts.
Smaller RIA sellers are driving the pace of deals toward another record year, according to Devoe & Co.'s report on third-quarter activity.
Industry veteran Daniel Gourvitch steps into the new role with the charge of building out the Mercer platform to attract more advisers.
