Practice Management

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First-generation women crave personal investment to spark vision 
YOUR PRACTICE OPINION NOV 21, 2022
First-generation women crave personal investment to spark vision 

It is imperative that we not let women miss out on a profession that can provide purpose, financial stability and a path towards a balanced life.

Financial advice is the midlife job that women want – but don’t know exists
YOUR PRACTICE PRACTICE MANAGEMENT NOV 21, 2022
Financial advice is the midlife job that women want – but don’t know exists

In the past two years, American women have had a collective epiphany: They want to trade in their current careers for something different and better.

Midcareer women benefit from the rise of the returnship
YOUR PRACTICE PRACTICE MANAGEMENT NOV 21, 2022
Midcareer women benefit from the rise of the returnship

A little effort delivers big results when firms build on-ramps for women who want to re-enter the workforce.

How Advisory Firms Can Maintain Momentum in an Uncertain Environment
YOUR PRACTICE PRACTICE MANAGEMENT NOV 21, 2022
How Advisory Firms Can Maintain Momentum in an Uncertain Environment

Practices reported significant gains during 2021. But as markets become more volatile, they’ll need to adapt in order to keep growing. Learn where they should focus their efforts—and capital.

JPMorgan to give all new parents 16 weeks of leave
YOUR PRACTICE PRACTICE MANAGEMENT NOV 18, 2022
JPMorgan to give all new parents 16 weeks of leave

The firm will also increase employees' sick days and bereavement leave, according to an internal memo.

Morgan Stanley's richest clients being offered Tiger Global venture fund
YOUR PRACTICE ALTERNATIVES NOV 17, 2022
Morgan Stanley's richest clients being offered Tiger Global venture fund

The investment firm has tapped Morgan Stanley's wealth management arm as it seeks to raise $6 billion for its next venture fund.

Colorado revisions to financial planning guide don't quiet a critic
YOUR PRACTICE PRACTICE MANAGEMENT NOV 17, 2022
Colorado revisions to financial planning guide don't quiet a critic

The state is concerned that fee-for-service financial planners aren't aligning their charges with work done for clients. Michael Kitces said the guidance remains biased toward the AUM model.

Strategies for continuing to diversify the wealth management industry
YOUR PRACTICE PRACTICE MANAGEMENT NOV 17, 2022
Strategies for continuing to diversify the wealth management industry

Panelists at the Women Adviser Summit in New York City say firms need to rethink how they look for new talent if they're serious about increasing diversity in the industry.

Ritholtz Wealth Management hires its first company president
YOUR PRACTICE RIAS NOV 17, 2022
Ritholtz Wealth Management hires its first company president

Jay Tini joins Ritholtz from Vanguard, where he was divisional sales manager, for his first job at an RIA.

Study points out barriers to success of women advisers
YOUR PRACTICE PRACTICE MANAGEMENT NOV 17, 2022
Study points out barriers to success of women advisers

Nearly three-quarters of respondents to a Carson Group survey note that women must juggle professional responsibilities with caregiving obligations.

SEC officials tell advisers to put clients’ interests first, tell truth in ads
YOUR PRACTICE PRACTICE MANAGEMENT NOV 15, 2022
SEC officials tell advisers to put clients’ interests first, tell truth in ads

A seminar offers some insight into what the agency is looking for in firms' compliance with Reg BI and the marketing rule.

S&P to pay $2.5 million to settle SEC conflict-of-interest charges
YOUR PRACTICE PRACTICE MANAGEMENT NOV 15, 2022
S&P to pay $2.5 million to settle SEC conflict-of-interest charges

The securities watchdog’s order asserted that the rating of a mortgage-backed security deal in 2017 was at issue.

Merrill nabs $1 billion team from Citi
YOUR PRACTICE PRACTICE MANAGEMENT NOV 15, 2022
Merrill nabs $1 billion team from Citi

A team of four advisers in suburban New York is making the switch.

CFP Board seeks time limit on reinstating suspended mark
YOUR PRACTICE PRACTICE MANAGEMENT NOV 14, 2022
CFP Board seeks time limit on reinstating suspended mark

The organization is continuing to update its enforcement procedures to align with the revised code of conduct that went into force in 2020.

Former chief compliance officer at RIA guilty of $500,000 fraud
YOUR PRACTICE RIAS NOV 14, 2022
Former chief compliance officer at RIA guilty of $500,000 fraud

According to several news websites, Jennifer Campbell had worked at Pratt Collard Buck Advisory Group, a firm in Buffalo, New York, that closed at the end of last year.

GWG chiefs bolt in middle of bankruptcy
YOUR PRACTICE ALTERNATIVES NOV 14, 2022
GWG chiefs bolt in middle of bankruptcy

Over the past 12 months, the company's shares have fallen from a high of $10.55 to Monday's price of $1.03.

FTX collapse fails to derail investments into crypto funds
YOUR PRACTICE ALTERNATIVES NOV 14, 2022
FTX collapse fails to derail investments into crypto funds

Crypto bulls see the sell-off as a buying opportunity and distinguish the offshore platform from regulated funds and U.S.-based platforms.

3 ways advisers can get the most out of hybrid work
YOUR PRACTICE OPINION NOV 11, 2022
3 ways advisers can get the most out of hybrid work

Regardless of whether you connect with clients in person or virtually, the fundamentals of establishing relationships and building trust remain the same.

SEC exams director reticent about how agency will probe marketing rule
YOUR PRACTICE PRACTICE MANAGEMENT NOV 11, 2022
SEC exams director reticent about how agency will probe marketing rule

But a former SEC official told the audience at the ComplyConnect conference in Austin not to expect the agency to be lenient in initial exams.

Merrill Lynch to drop unpopular pay hurdle in 2023
YOUR PRACTICE PRACTICE MANAGEMENT NOV 10, 2022
Merrill Lynch to drop unpopular pay hurdle in 2023

Known as the '3% investment policy,' the rule acted as a modest — if nagging — monthly charge on the revenue advisers generated.