Scenes from the 2017 Wealth Management Industry Awards

Oct 20, 2017

More than 350 people attended the third annual WealthManagement.com Industry Awards black-tie gala at The Plaza hotel in New York City on Oct. 11.

E*Trade to Buy Custody Firm in Growth Push as Profits Remain Dull

Oct 20, 2017

E*Trade Chief Executive Officer Karl Roessner said the company sees TCA as a way to diversify revenue and prevent some customers from leaving.

A Market Correction Between Thanksgiving and Valentine’s Day?

Oct 20, 2017

Michael Hartnett changes his timeline for a correction, EquityZen values Betterment at $1 billion and IHT Wealth Management partners with nVision Wealth Group.

Should Non-Attorneys Represent Investors in Arbitration? FINRA’s Asking

Oct 20, 2017

The regulator began a comment period on the topic Wednesday.

Securities America Recruits $1.35 Billion OSJ from LPL

Oct 20, 2017

In addition, at least two other firms affiliated with LPL's recently acquired National Planning Holdings this week have left for other independent brokers/dealers.

The 2017 Wealth Management Industry Award Winners

Oct 19, 2017

Out of an initial pool of over 500 entrants, here are the winning firms that took home a "Wealthie" at the Wealth Management Industry Awards, held Oct. 11 at the Plaza Hotel in New York City. The awards are meant to recognize recent initiatives...

Younger People Have More Wealth, But Less Advice

Oct 19, 2017

The number of Gen X /Y millionaires is growing, seniors like ESG and GOODING rocks about financial literacy.

Fidelity Roundtable Spurs Debate on Private Equity Money in Advisory Firms

Oct 18, 2017

The group also discussed what was driving acquisitions among independent advisory firms.

UBS' New Training Program: Double the Investment, Shrink the Number of Recruits

Oct 18, 2017

The wealth manager said it will hire fewer trainees in 2018 yet double the investment in training them, according to a memo sent to UBS advisors.

Remembering Black Monday

Oct 18, 2017

The 1987 market crash taught investors that the Fed would come to the rescue after a market crisis, argues the chief economist of Aberdeen Standard Investments. That lesson came back to haunt us in 2008, and may yet again.