The world's largest retailer announced plans to launch a digital advice platform for its 220 million weekly clients. It will likely target lower-income Americans with simple but necessary financial products.
A struggle for seats on the board of Blucora Inc., which owns the independent broker-dealer Avantax Investment Services Inc., is heading for a showdown. Blucora has purchased two broker-dealers in half-a-dozen years to expand into the wealth management business.
Clients who feel they’re being ignored or getting second-class treatment will get fed up and leave, especially if investment performance hasn’t been great or the firm has dropped the ball somewhere else.
Andrew Meredith and Kevin Lindung are based in Towson, Maryland.
Walnut Beech Advisors maintains offices in Michigan and New York
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Bitcoin hit a record of more than $64,000 as Coinbase Global Inc., the largest U.S. cryptocurrency exchange, went public last week. Advisers and Wall Street have reached an inflection point when it comes to cryptocurrencies.
'Once seen as potential casualties of a pandemic-altered work environment, summer internship programs have emerged as one of the shining success stories across financial services,' according to InvestmentNews columnist Jeff Benjamin.
Low Group, a four-person team, is based in Bloomfield Hills, Michigan.
Betterment's push to expand across multiple business lines and recent M&A activity could be prompting the robo-adviser toward new gains.
The latest challenge to advisory fee models based on client assets is carving out a niche between robos and traditional financial planning.
Now is a good time to tell clients to double-check all their loan documents and credit card statements to see if they have any Libor-linked debt.
After adapting on the fly last year, financial advisers are embracing virtual internships as a more efficient way to train and recruit talent.
The three-adviser Marshall & Whatley Investment Group is based in Harrisonburg, Virginia.
The past year has exposed a stark divergence in the investment behavior of millennial investors compared with their older counterparts. A huge generational transfer of wealth, at roughly $68 trillion, is poised to fall into the hands of the millennials.
Candidates will have the choice of taking the test in person or via remote proctoring in November as well.
Advisers can utilize cutting-edge financial planning tools to help ease clients' concerns by showing them how they can save to cover medical expenses during retirement.
Coinbase introduces millions of people to the world of digital assets, pushing financial advisers to surf the crypto wave before it crests. Some advisers are still skeptical.
The decline is expected to continue over the next six months as the bank closes its international wealth management business. The embattled bank recently revised how it tallies its adviser head count total and this year began including about 800 to 900 private bankers and portfolio managers.
Kip Adams and his team in Fort Worth, Texas, serve as the retirement and private wealth leaders for Gus Bates Insurance & Investments.
