Industry

Kamila McDonnough stressed the need for diversity and experience among the public members of the Board—and need to reach more individuals with interest who are apt to shy away from pursuing a career in the industry.

Wells Fargo Securities senior bank analyst Mike Mayo called the performance 'worst-in-class wealth management.'

While advisor headcount continues to fall, wealth management revenues were up, and the firm posted some strong growth overall in the second quarter.  

In addition to in-person testing at Prometric sites, candidates may take the test remotely, if they live more than 50 miles from a testing center or have a health concern.

North American firms are ahead of the curve, Aite says.

Revenue at the wealth unit of Goldman Sachs, which includes the old United Capital, rose 7% year over year to $1.1 billion, while assets under management rose by $49 billion sequentially to $558 billion.

WealthManagement.com created this list of industry-related resources to help financial professionals understand systemic racism and white privilege. It is not exhaustive. Some of the organizations listed take donations.

The data shows more than 80,000 jobs in the investment advice industry were 'retained' due to the small business loan assistance—but that number comes with a huge asterisk.

Wells Fargo's wealth unit reported net income of $180 million during the second quarter, down 70% year over year and 61% sequentially, as advisor head count continues to shrink.

The deal with Thun Financial Advisors, an RIA with $600 million in assets, expands Creative Planning’s cross-border advising services.