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Anti-ESG shareholder proposals rise sharply
PRACTICE MANAGEMENT JUN 02, 2023
Anti-ESG shareholder proposals rise sharply

A report from the Sustainable Investment Institute shows a 76% uptick this year in shareholder resolutions asking companies to undo their work on diversity, equity and inclusion, and other issues.

Finra fines B-D $30,000 over rep's medical marijuana biz
ALTERNATIVES JUN 02, 2023
Finra fines B-D $30,000 over rep's medical marijuana biz

Park Avenue Securities fell short in its supervision of a rep who helped operate a cannabis business, the regulator says.

Wells Fargo hires another JPMorgan executive for wealth management
PRACTICE MANAGEMENT JUN 01, 2023
Wells Fargo hires another JPMorgan executive for wealth management

Barry Simmons is at least the third senior wealth management executive Wells Fargo has hired in the last few years from JPMorgan.

LPL expands technology team with two more executive hires
FINTECH JUN 01, 2023
LPL expands technology team with two more executive hires

Kristie Edling-Day will oversee digital experience for advisors, while Nitesah Ambastha will lead technology for investors.

Wall Street banks are using AI to rewire finance
FINTECH JUN 01, 2023
Wall Street banks are using AI to rewire finance

Banks' interest is growing in the evolving technology of artificial intelligence and its likely impact on their business.

Firms brace for SEC spotlight on electronic communications
OPINION MAY 31, 2023
Firms brace for SEC spotlight on electronic communications

Protecting investors from fraudulent, misleading or otherwise problematic electronic communications seems to be of the utmost importance to regulators.

Fintech Smart USA buys financial wellness provider ProManage
RETIREMENT PLANNING MAY 31, 2023
Fintech Smart USA buys financial wellness provider ProManage

The acquisition is the latest in a string of deals for UK-based Smart, including its purchase last year of Stadion Money Management.

Retooled internships stoke talent pipelines with diverse students
PRACTICE MANAGEMENT MAY 30, 2023
Retooled internships stoke talent pipelines with diverse students

Advisory firms are adopting virtual or hybrid programs, or changing the structure of internships to pull in more diverse students and illustrate a wider array of career opportunities.

Fidelity leans into alternative strategies as demand grows amid economic uncertainty
RIAS MAY 30, 2023
Fidelity leans into alternative strategies as demand grows amid economic uncertainty

Fidelity's alts platform, which launched in 2013, has seen assets grow by 70% since 2020.

MassMutual promotes pair to leadership team, says goodbye to US head
LIFE INSURANCE AND ANNUITIES MAY 30, 2023
MassMutual promotes pair to leadership team, says goodbye to US head

Mike Fanning is retiring after 17 years as the insurer's US head, a period in which MassMutual grew into one of the top annuity providers in the US.

10 IBDs with the most net new clients in 2022
BROKER DEALERS MAY 27, 2023
10 IBDs with the most net new clients in 2022

New clients are essential to the growth of advisory firms. Here are the independent broker-dealers that added the most clients last year.

BNY hires first chief sustainability officer from BlackRock
PRACTICE MANAGEMENT MAY 26, 2023
BNY hires first chief sustainability officer from BlackRock

Meaghan Muldoon, who had been global head of ESG integration at BlackRock, started in her new position at BNY Mellon this month.

Nvidia stock spike shines light on ETFs offering AI exposure
EQUITIES MAY 26, 2023
Nvidia stock spike shines light on ETFs offering AI exposure

As interest in artificial intelligence grows, it's worth looking under the hood of sector ETFs.

Advisors connect rising women philanthropists to their tribes
ESG MAY 26, 2023
Advisors connect rising women philanthropists to their tribes

As Gen X and baby boomer women realize they qualify as philanthropists, new platforms and groups are emerging to equip them with community and context.

Professional advancement a steeplechase for Asian Americans in financial services
PRACTICE MANAGEMENT MAY 26, 2023
Professional advancement a steeplechase for Asian Americans in financial services

For Asian Americans, family culture can both hinder and help advancement.

JPMorgan tells 1,000 First Republic employees they're losing their jobs
PRACTICE MANAGEMENT MAY 25, 2023
JPMorgan tells 1,000 First Republic employees they're losing their jobs

The bank offered full-time or transitional roles to almost 85% of the nearly 7,000 employees still working at First Republic when it collapsed, and told the rest they wouldn't get offers.

InvestCloud interim CEO opens up about fintech's recent leadership changes
FINTECH MAY 25, 2023
InvestCloud interim CEO opens up about fintech's recent leadership changes

Richard Lumb says that while InvestCloud is growing, a different set of skills are needed to take it to the next level.

Retirement Clearinghouse reports data breach
RETIREMENT PLANNING MAY 25, 2023
Retirement Clearinghouse reports data breach

Social Security and account numbers were compromised in a phishing attack, but accounts were not accessed, according to the firm.

Advisor Group is latest B-D to report data breach
FINTECH MAY 25, 2023
Advisor Group is latest B-D to report data breach

The breach involved 'a systems intrusion' at R.R. Donnelley, a third-party vendor that Advisor Group uses for some of its client mailings.

'Ow!' — not 'wow' — drives client change
PRACTICE MANAGEMENT MAY 24, 2023
'Ow!' — not 'wow' — drives client change

The pivot point is salience: the motivational magic that's sparked when a piece of information has immediate relevance to the client's situation or expectations.