Megan Leonhardt

Articles by Megan Leonhardt
Top 10 Most Influential IBDs on Social Media
Some would argue independent broker/dealers have been slow to adopt social media. But if these firms are any indication, the IBD world is catching up. View the full data table here.
Wealth Management Can't Curb BofA Quarterly Loss
The wealth management unit was a small, bright spot in an overall bleak quarter for Bank of America, with the bank on Wednesday reporting a $276 million loss stemming from legal settlements.
Neuberger Vet to Lead New Dynasty Tech Platform
Dynasty Financial aims to ramp up its technology offerings with a new, cloud-based desktop platform initiative spearheaded by the firm’s new chief technology officer.
Wells Fargo Advisors Stumbles Slightly In First Quarter
In the first quarter of Mary Mack's new leadership, Wells Fargo's wealth, brokerage and retirement unit saw a dip in profit, as well as a loss of over 130 advisors from the previous quarter.
Directories, Not Yelp, Better Equipped For Advisor Reviews
Everyone may be talking about Yelp amid the SEC's updated guidelines on testimonials and social media, but it's directories like BrightScope and AdviceIQ where advisors are likely to encounter client reviews.
Morgan Stanley Restructures Brokerage Biz Via Memo
Just six weeks after Morgan Stanley tapped Shelley O'Connor to lead the firm's more than 16,000 financial advisers, the managing director sent a memo Tuesday streamlining upper management.
Bob McCann Wins Wealth Management Madness
Readers of Wealthmanagment.com have voted the CEO of UBS Americas as the most influential person in the industry.
SEC Censures Transamerica For Overcharging Clients
Transamerica Financial Advisors agreed to pay $1.1 million to settle the Securities Exchange Commission’s allegations the St. Petersburg, Fla.-based firm improperly calculated advisory fees and overcharged its clients.
Morningstar Picks Up Data Aggregator for $28M
Morningstar bolstered its data aggregation capabilities on Tuesday through the $28 million acquisition of ByAllAccounts, Inc., a company specializing in collecting financial account information.
Top 10 Women RIAs in 2014 2
Women are still a minority in financial services, despite the industry's efforts to address the gender imbalance. But the 10 women here are not only financial advisors, they're highly successful business owners as well.
Regulations Are Getting Worse, say Compliance Officers
The burden imposed by regulators on businesses, both in the U.S. and abroad, will continue to increase, according to a recent survey by Thomson Reuters Accelus of more than 600 global compliance officers. Here are the findings.
Fear of Change 1
Advisors' biggest fear? Their firms will sell out. And in the independent broker/dealer world, it's not too uncommon.
FINRA Fines LPL For Supervision Lapse on Alternative Sales
The industry regulator slapped LPL Financial with a $950,000 fine on Monday, alleging the broker-dealer failed to adequately supervise sales of non-traded REITs and other alternative investment products.
Smaller Firms, Happier Advisors. Can it Last?
Independent brokers at smaller firms are more satisfied than advisors at larger brokerages, according to Wealthmanagement.com's Independent Broker/Dealer Report Card. Unfortunately, it's the smaller firms that are fast disappearing.
Wells Taps Insider to Head Up Products, Advice

Wells Fargo Advisors filled another spot on the expanded financial services leadership team on Wednesday, promoting longtime insider Bob Vorlop to head up the newly created Products and Advice division.

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