Net new households at the wirehouse in 2020 declined 37% year over year, the company reported Tuesday. The pandemic clearly hampered advisers' efforts to reel in new clients, a push at the firm since 2016.
A survey of advisers found that those at firms with racial and ethnic minorities employed in management roles were more likely to say that their firms were inclusive and that they were comfortable broaching diversity issues with senior leaders.
With advisers serving a more diverse group of clients than ever before, discussions about emotionally charged topics may become unavoidable.
We resolve to increase the breadth of topics we bring to our adviser audience because we know clients are expecting and needing more right now.
As the industry tackles diversity, conversation becomes a challenge. But, inclusion requires including everyone who wants to do good and letting them ask the questions that matter.
Independent broker-dealers saw gains in recruiting coveted wirehouse advisers despite the massive disruptions caused by COVID-19. Firms are also building out registered investment advisory platforms to lure advisers.
The managing director at Miracle Mile Advisors is passionate about giving back and sits on the boards of several charities, where he develops innovative ways for them to maximize their funds.
Former Morgan Stanley, Merrill Lynch advisers join Rockefeller in Boca Raton, Florida, and Chicago
In a curious development to a strange, twisting tale, Butowsky, managing director of Chapwood Capital Investment Management, offered an apology to the brother of former DNC staffer Seth Rich on Twitter — then deleted the tweet.
Two pairs of advisers in Lincoln, Nebraska, make the move, along with their staffs.
West Texas WealthCare will use JFC Financial as its office of supervisory jurisdiction.
It's a good time for firms to take stock of what’s working well and how they can ensure advisers are digitally empowered in the year ahead.
The truth is, your business can thrive in this 'new normal.' Learning effective ways to prospect virtually can be a huge competitive advantage to advisers who embrace it.
The attack on Jan. 6 highlighted racial injustice, according to some advisers, as wealth management firms prepare to double-down on diversity efforts aimed toward building a more inclusive industry.
The head of Oakwood Capital Advisors says ethics is high on the agenda for the coming year.
The new head of the $2 billion Los Angeles-based registered investment advisory firm is just 27.
John and Evan McCoy run Integrity Financial Services in Lancaster, Pennsylvania, and were previously affiliated with Securities America
Financial professionals holding the certified financial planner designation hit an all-time high in 2020. The number of women with CFPs increased by 3.1%, to 20,633, and the number of Black and Hispanic CFPs rose to a total of 3,688, a 12.6% increase over 2019. Blacks and Hispanics still represent just a fraction of CFPs.
After a tumultuous start to the year, a focus on what makes us happy can help us push through
Investment advice may take back seat to financial wellness as advisers' clients worry about the state of the economy and the prospect of losing their job
