Practice Management

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Total number of CFPs, women certificants reach new heights
YOUR PRACTICE PRACTICE MANAGEMENT JAN 26, 2022
Total number of CFPs, women certificants reach new heights

The CFP Board also touts last year's growth in Black and Hispanic mark holders, who still represent a small fraction of the CFP population.

SEC officials urge firms to update compliance to cope with emerging technologies
YOUR PRACTICE FINTECH JAN 26, 2022
SEC officials urge firms to update compliance to cope with emerging technologies

The leaders of the agency's enforcement division talk about the message the SEC sent with a $125 million penalty for JPMorgan's failure to preserve text messages.

Sudden market volatility has advisers preaching calm to newer investors
YOUR PRACTICE RIAS JAN 26, 2022
Sudden market volatility has advisers preaching calm to newer investors

As the next generation of investors comes on board, advisers are repeating the age-old mantra about not panicking in response to market swings.

The latest in financial #AdviserTech — January 2022 — Part 2
YOUR PRACTICE ALTERNATIVES JAN 26, 2022
The latest in financial #AdviserTech — January 2022 — Part 2

The major trends underway in the financial adviser ecosystem, and what those trends portend for the year to come.

Finding confidence on the road to the future
YOUR PRACTICE OPINION JAN 26, 2022
Finding confidence on the road to the future

Advisers need to deal with fear in many aspects of their work, whether it's market volatility, the effects of the pandemic or their own concerns about breaking away from a wirehouse.

BofA brings employees back to some U.S. offices as Covid cases decrease
YOUR PRACTICE PRACTICE MANAGEMENT JAN 25, 2022
BofA brings employees back to some U.S. offices as Covid cases decrease

As coronavirus conditions improve across the country, employees across major financial firms are being asked to come back.

Gensler warns financial industry not to push into regulatory gray areas
YOUR PRACTICE PRACTICE MANAGEMENT JAN 25, 2022
Gensler warns financial industry not to push into regulatory gray areas

In a recent public appearance, the SEC chair addressed so-called 'regulation by enforcement' without mentioning it by name.

Fidelity launches new compliance business line Saifr
YOUR PRACTICE FINTECH JAN 24, 2022
Fidelity launches new compliance business line Saifr

The technology lets artificial intelligence do the monotonous tasks of compliance reviews, allowing marketers and compliance teams to focus on the more complex details.

Merrill fires Connecticut adviser after uproar at smoothie shop
YOUR PRACTICE PRACTICE MANAGEMENT JAN 24, 2022
Merrill fires Connecticut adviser after uproar at smoothie shop

The adviser, James Iannazzo, went on a tirade over the weekend after his son had an allergic reaction to a drink.

Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million
YOUR PRACTICE PRACTICE MANAGEMENT JAN 24, 2022
Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million

Wall Street giant sets another high mark for profit in 2021.

Top-earning CEOs at broker-dealers
YOUR PRACTICE PRACTICE MANAGEMENT JAN 22, 2022
Top-earning CEOs at broker-dealers

Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the 2021 compensation numbers for some of the most notable executives.

BofA revamps wealth management product teams
YOUR PRACTICE PRACTICE MANAGEMENT JAN 21, 2022
BofA revamps wealth management product teams

The moves in product teams increase the responsibilities of Andy Sieg, the president of Merrill Lynch, and Katy Knox, president of BofA's private bank.

With $84 trillion wealth transfer coming, advisers should be licking their chops
YOUR PRACTICE PRACTICE MANAGEMENT JAN 21, 2022
With $84 trillion wealth transfer coming, advisers should be licking their chops

Cerulli research shows mountains of wealth will be looking for a home over the next 20 years.

Franklin Templeton hires ESG exec from Calpers
YOUR PRACTICE PRACTICE MANAGEMENT JAN 20, 2022
Franklin Templeton hires ESG exec from Calpers

Anne Simpson developed and executed the sustainability investment strategy for the giant California pension plan.

Finra fines Credit Suisse $9 million for losing control of client securities
YOUR PRACTICE PRACTICE MANAGEMENT JAN 20, 2022
Finra fines Credit Suisse $9 million for losing control of client securities

The broker-dealer self-regulator also punished the firm for inaccurate and omitted conflict disclosures in research reports.

After record 2021, Captrust is focused on wealth management deals
YOUR PRACTICE RIAS JAN 19, 2022
After record 2021, Captrust is focused on wealth management deals

Eight of the 11 acquisitions Captrust did last year involved wealth management firms, a trend that Rush Benton says will continue.

It's raining records at Merrill Lynch
YOUR PRACTICE PRACTICE MANAGEMENT JAN 19, 2022
It's raining records at Merrill Lynch

Merrill Lynch, an industry bellwether, reports a host of new highs in 2021, ranging from revenue to assets and net new ultra-high-net-worth clients.

AdvisorEngine updates, rebrands Junxure CRM platform
YOUR PRACTICE FINTECH JAN 19, 2022
AdvisorEngine updates, rebrands Junxure CRM platform

The announcement is the culmination of a multiyear initiative to modernize Junxure after its acquisition in 2018. The upgraded system will continue to be offered as a stand-alone product, priced per user.

Ponzi fraudster sentenced to 17½ years
YOUR PRACTICE PRACTICE MANAGEMENT JAN 19, 2022
Ponzi fraudster sentenced to 17½ years

Ex-broker Perry Santillo also must pay $103 million in restitution.

Fintech Skience partners with Incedo
YOUR PRACTICE FINTECH JAN 18, 2022
Fintech Skience partners with Incedo

Incedo’s implementation efforts will help Skience’s platform reach more registered investment advisers.