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Compensation for top trade association execs  
PRACTICE MANAGEMENT AUG 09, 2022
Compensation for top trade association execs  

InvestmentNews combed through the tax forms of groups in the financial services space to learn what their CEOs earn, as well as other financial metrics.

Outsourcing can increase firms' scale and efficiency
OPINION AUG 09, 2022
Outsourcing can increase firms' scale and efficiency

Wise advisers are exploring options to offload tasks that aren't a high-value activity for them or duties that they don't particularly enjoy.

The time is now to be more transparent about advisory fees
RIAS AUG 08, 2022
The time is now to be more transparent about advisory fees

Advisers charging fees based on client assets are feeling a rare pinch of lower income against the backdrop of inflation. Now would be a good time to make that clear.

UBS adds a $100 million adviser in San Diego
ADVISOR MOVES AUG 08, 2022
UBS adds a $100 million adviser in San Diego

Carolin Botzenhardt, who had been with Wells Fargo for five years, joins the La Jolla, California, office of UBS Private Wealth Management.

Ex-LPL adviser accused of racism claims firm defamed her in lawsuit
PRACTICE MANAGEMENT AUG 08, 2022
Ex-LPL adviser accused of racism claims firm defamed her in lawsuit

The adviser, Eileen Cure, filed suit in federal court in Texas seeking $95 million in damages

Alts are rockin’ the house!
ALTERNATIVES AUG 08, 2022
Alts are rockin’ the house!

Demand for income, inflation protection, enhanced returns and volatility dampening has created a ‘Goldilocks moment’ for alternative investments.

Insurers to suppliers: Time to get with the DEI program
LIFE INSURANCE AND ANNUITIES AUG 08, 2022
Insurers to suppliers: Time to get with the DEI program

As corporations strengthen efforts to diversify their cultures, employee population, recruiting, and community service, suppliers must realize that they are part of that values alignment, too.

Finra slaps J.P. Morgan over ex-rep who loaded grandma up on structured products
ALTERNATIVES AUG 05, 2022
Finra slaps J.P. Morgan over ex-rep who loaded grandma up on structured products

The firm was fined $200,000 for failing to supervise the rep, whose grandmother was 88 and widowed when she opened her account in 2014.

Fintech Bytes: Robinhood layoffs, BlackRock partners with Coinbase
FINTECH AUG 05, 2022
Fintech Bytes: Robinhood layoffs, BlackRock partners with Coinbase

Some startups have already made moves to prepare for an extended bear market, but now the crunch is coming to more established fintech brands.

Difficult topics deserve nuanced coverage
PRACTICE MANAGEMENT AUG 05, 2022
Difficult topics deserve nuanced coverage

The advisory and investment industries have a rare chance to reframe how Americans debate polarizing issues.

Cash revenue helps AssetMark offset market losses for record quarter
FINTECH AUG 04, 2022
Cash revenue helps AssetMark offset market losses for record quarter

While the choppy market performance dented total platform assets, rising interest rates have boosted the spread the TAMP earns on cash held by its proprietary custodian.

Roe v. Wade highlights how some advisers navigate controversial issues on social media
FINTECH AUG 04, 2022
Roe v. Wade highlights how some advisers navigate controversial issues on social media

Social media offers financial advisers a way to establish a personal brand and build connections with clients and prospects, but dealing with hot-button topics like abortion can be tricky.

BlackRock partners with Coinbase to expand into crypto
ALTERNATIVES AUG 04, 2022
BlackRock partners with Coinbase to expand into crypto

Institutional investors will be able to use BlackRock's Aladdin investment management system to oversee their exposure to bitcoin along with assets such as stocks and bonds.

Recruiting slowed in the first half while M&A soared
RIAS AUG 03, 2022
Recruiting slowed in the first half while M&A soared

Volatile markets may be holding recruiting activity back from its breakneck pre-pandemic pace but mergers and acquisitions have more than rebounded from the 2020 low.

LPL payout inches up as revenue per adviser dips
BROKER DEALERS AUG 03, 2022
LPL payout inches up as revenue per adviser dips

'Tis the season? LPL points to 'seasonality' to explain the slight bump in the rate of adviser pay in Q2.

Robinhood slashes 23% of workforce; chief product officer departs
FINTECH AUG 03, 2022
Robinhood slashes 23% of workforce; chief product officer departs

The app-based brokerage's reductions were concentrated in operations, marketing and program management functions.

SEC warns brokers, advisers to make ongoing efforts to identify, mitigate conflicts
PRACTICE MANAGEMENT AUG 03, 2022
SEC warns brokers, advisers to make ongoing efforts to identify, mitigate conflicts

Among the suggestions for mitigating conflicts are to avoid compensation incentives for selling certain products and to minimize incentives for favoring one type of product or account over another.

Foundation for Financial Planning taps Ben Harrison as chair
PRACTICE MANAGEMENT AUG 03, 2022
Foundation for Financial Planning taps Ben Harrison as chair

BNY Mellon Pershing’s co-head of wealth solutions will serve in the position through 2023.

Kate Healy named to head CFP Board's Center for Financial Planning
PRACTICE MANAGEMENT AUG 03, 2022
Kate Healy named to head CFP Board's Center for Financial Planning

The former TD Ameritrade executive led the company’s Generation Next diversity program.

Wells Fargo resumes using its diverse candidate guidelines
PRACTICE MANAGEMENT AUG 02, 2022
Wells Fargo resumes using its diverse candidate guidelines

The banking giant completes 6-week review of procedures after ‘fake interviews’ fracas.