RBC lands $600M UBS team through first all-virtual recruiting
“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.
By
Ann Marsh
100+ canceled internships threaten planning careers, industry talent pipeline
XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.
By
Ann Marsh
As coronavirus spreads, firms hit the brakes on adviser travel
From travel bans to working remotely, here is how firms including Wells Fargo, Edelman, RBC and others are preparing for a possible pandemic.
‘This can be done. Go do it.’: XYPN hires 2, hits 56% women on leadership
The takeaway for other firms: Be explicit, clear and public about seeking women employees and creating a safe workplace for them.
By
Ann Marsh
Mercer boosts female leadership with new hire
With its appointment of Martine Lellis, one of the largest and most-acquisitive RIAs ups its leadership ranks to almost 40% women.
By
Ann Marsh
Will Schwab-TD Ameritrade deal crush wealthtech innovation?
“There definitely will be people who don’t win in this,” says Altruist founder Jason Wenk.
By
Ann Marsh
From strip clubs to massages: When clients are sexually inappropriate
It’s tough enough to grapple with sexual harassment in the workplace. It’s more complex when clients are involved.
A new president and fiduciary: What happens next?
Here's how the outcome of the presidential election could affect the trajectory of the Labor Department's regulation.
By
Ann Marsh
Fiduciary rule: Bulletproof to first attack?
The U.S. Chamber of Commerce, SIFMA, FSI and other groups are asking a Texas court to vacate the Labor Department's new regulations less than a year before the rule goes into effect.
Fiduciary rule got support from a surprising contingent
Some insiders at big brokerage firms encouraged the DOL to maintain progress during the rule’s development, which Assistant Secretary of Labor Phyllis Borzi says “kept us going.”
By
Ann Marsh
Expect close monitoring during fiduciary rule implementation
Top DOL official counters that the new regulations will result in “major reform," while not ruling out additional government action.
By
Ann Marsh
Fiduciary rule to be announced Wednesday, sources confirm
Labor Secretary Thomas Perez and other political luminaries are set to announce the regulation that many believe could usher in unprecedented change in the financial services industry.
By
Ann Marsh
DOLs fiduciary target is Wall Street culture, not commissions
Advisers can keep their "conflicted" commissions, but it's time to stop harming clients by depleting their retirement savings, says the chairman of the Labor Department's hearings on its proposed fiduciary rule.
By
Ann Marsh
6 things to understand about long-term care
Payouts from insurance companies for U.S. long-term care coverage hit $7.85 billion last year, an increase of 5% over the prior year, according to a new report. Here are a few facts, forecasts and trends they think advisers should pay attention to.
By
Ann Marsh
Obama’s new MyRA plan draws advisers’ praise, scorn
A joke, a good start or a breakthrough?
By
Ann Marsh
46% of financial planners have no retirement plan
When it comes to taking care of their own finances, it turns out that financial advisers arent much better than their clients, an FPA poll finds.
By
Ann Marsh
Protect small businesses from shady deals
When small business owners become successful, they become a magnet for questionable deals and speculative investments. So says Bethesda, Md., planner Jeff Leventhal, who has developed a specialized practice serving entrepreneurs.
By
Ann Marsh
What the next gen workforce wants now, a discussion with students
A recent Schwab survey of planning students at Texas Tech found that the lure of client relationship management and working in-person with clients remains high, with nearly half of students citing the latter as a priority.
By
Ann Marsh
Tips for staying active on social media
Kristen Luke, the founder of Wealth Management Marketing, gave helpful tips on how advisers can stay engaged on social media at TD Ameritrades National Conference last week.
By
Ann Marsh
Financial planners face off with Sandy
How did your business fare during Hurricane Sandy, which ravaged the East Coast this week? Many businesses learned from Hurricane Irene and had plans in place to keep working through the storm.
By
Ann Marsh