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Robinhood cutting 9% of full-time staff as ‘hyper growth’ ebbs
PRACTICE MANAGEMENT APR 27, 2022
Robinhood cutting 9% of full-time staff as ‘hyper growth’ ebbs

The online brokerage, which has racked up more than $2 billion of losses since its IPO, had about 3,800 employees at the end of last year.

Edelman hires Goldman exec as CFO
PRACTICE MANAGEMENT APR 27, 2022
Edelman hires Goldman exec as CFO

Suzanne van Staveren will work on Edelman Financial Engines’ long-term growth strategy and financial objectives.

In race to digital transformation, wealth managers need to catch up
OPINION APR 26, 2022
In race to digital transformation, wealth managers need to catch up

It's never too late so long as they commit themselves to remaking their firms with technology, and funding the investments needed to pull it off.

Ameriprise keeps hiring advisers
PRACTICE MANAGEMENT APR 26, 2022
Ameriprise keeps hiring advisers

For the 12 months ending in March, the company reported a net increase of 188 financial advisers, or a 1.8% gain.

FPA brings back virtual externship program
PRACTICE MANAGEMENT APR 25, 2022
FPA brings back virtual externship program

This is the third summer the FPA has offered the program, which fosters new talent and entrants into the profession.

The most seasoned advisers show no signs of slowing down — or retiring
RIAS APR 22, 2022
The most seasoned advisers show no signs of slowing down — or retiring

A passion for the work drives some financial advisers to stay on the job well past traditional retirement age.

Altruist to launch direct indexing model portfolio
FINTECH APR 21, 2022
Altruist to launch direct indexing model portfolio

Fintech sets $2,000 minimum for new offering, Altruist Strategist Suite, which will bow by June.

CFPs take annual fee increase in stride
PRACTICE MANAGEMENT APR 20, 2022
CFPs take annual fee increase in stride

Many planners support the strategic intiatives, such as an awareness campaign and diversity effort, the higher fee will fund. Others caution the more expensive mark could cause some pain.

UBS team managing $270 million joins Sanctuary
RIAS APR 20, 2022
UBS team managing $270 million joins Sanctuary

The three-person team in Santa Barbara, California, is led by Antonia LaRocca and operates as Saige Private Wealth.

Independent paths for advisers managing more than $500 million
OPINION APR 20, 2022
Independent paths for advisers managing more than $500 million

Here are the four options that provide the highest level of freedom and control for advisers managing more than $500 million.

Orion buys CRM provider Redtail
FINTECH APR 19, 2022
Orion buys CRM provider Redtail

The transaction is expected to close in the second quarter, with Redtail CEO Brian McLaughlin becoming president of Orion.

LPL creates paraplanning unit to help advisers build plans
BROKER DEALERS APR 19, 2022
LPL creates paraplanning unit to help advisers build plans

Team of paraplanners will gather data and input it into planning software to provide financial plans for advisers' clients.

Finra bars no-show rep fired for fake account statements
PRACTICE MANAGEMENT APR 19, 2022
Finra bars no-show rep fired for fake account statements

The rep, Philip Riposo of New Bedford, Massachusetts, admitted to creating and providing clients with phony statements.

Morningstar Office users now can manage held-away accounts
FINTECH APR 19, 2022
Morningstar Office users now can manage held-away accounts

The deal with fintech Pontera provides ability to do more complete household reporting.

AI can help amid industry consolidation, staffing shortages
OPINION APR 19, 2022
AI can help amid industry consolidation, staffing shortages

While artificial intelligence is often seen as a job killer, the Great Resignation has spotlighted the limitations of support and integration operations reliant on traditional workforces and approaches.

Lessons from journalism: Pay your diverse talent
OPINION APR 19, 2022
Lessons from journalism: Pay your diverse talent

It’s important that we avoid the pay perils of journalism and make good on our promise to help diverse individuals build generational wealth.

Goldman Sachs sees US recession odds at 35% in next two years
FINTECH APR 18, 2022
Goldman Sachs sees US recession odds at 35% in next two years

The Fed’s main challenge is to reduce the gap between jobs and workers, and to slow wage growth to a pace consistent with its 2% inflation goal.

The persistence of remote work
PRACTICE MANAGEMENT APR 18, 2022
The persistence of remote work

In the short space of four months, remote work seems to have become an even more permanent part of our everyday lives.

Into the metaverse
ALTERNATIVES APR 18, 2022
Into the metaverse

Financial services firms are hanging out their shingles in the burgeoning world of virtual societies, hoping to attract a new breed of digitally native customers.

The latest in financial #AdviserTech — April 2022
FINTECH APR 15, 2022
The latest in financial #AdviserTech — April 2022

This month’s #AdviserTech roundup looks at Wealthbox's funding round and the transition in advisory firms' use of CRM systems, Summit Wealth Systems' attempt to build the next generation of performance reporting, and Advyzon's new TAMP.