Fast-growing RIAs are increasingly offering equity in the war for talent, even for non-revenue-producing staff, according to Schwab’s annual compensation survey.
Last year digital advice evolved beyond mere investment management—and legacy players are catching up to pioneers like Wealthfront and Personal Capital.
During a call with investors, CEO Walt Bettinger dismissed speculation that the firm is interested only in $1 billion-plus RIAs as 'inaccurate, naïve and inconsistent with everything that we have done for the last 25 or 30 years in the RIA space.'
Michael Boardman has 30 years of industry experience and has previously held senior leadership roles at Chase Wealth Management, U.S. Bank and Charles Schwab
Tom Nally tells advisors gathered for the firm’s national conference it’s business as usual, even as the DOJ signals more scrutiny of the proposed acquisition by rival Charles Schwab.
In related news, CEO Joe Duran will buy an apartment in New York, where Goldman is headquartered, an indication that he’ll continue to lead the business he built.
Dave Nadig and Matt Hougan declared at Inside ETFs that investing is a solved problem; now advisors need to rethink the core of their businesses and how they allocate their time.
The pace of deals will rapidly escalate this year, even as the size of acquired firms is falling, predicts DeVoe & Co. RIAs and consolidators are leading buyers, as banks seem to be backing away from the market.