See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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PricewaterhouseCoopers predicts major changes coming to the financial services industry by 2020, especially in the makeup of a firm’s workforce and how it is recruited, organized and compensated. With automation replacing the bulk of transact...
Janney Montgomery Scott has added two Merrill Lynch groups responsible for managing $800 million in combined assets. The groups will merge and be known as Seaport Wealth Management of Janney Montgomery Scott...
(Bloomberg) -- Some of the world’s biggest fund managers may soon face new rules designed to ensure they can meet investor redemption demands by easily selling assets...
The mutual fund giant Fidelity Investments, founded seven decades ago and run ever since by the Johnson family, has won the trust of tens of millions of investors...
(Bloomberg) -- MetLife Inc. has filed for a spinoff of a U.S. retail unit after considering alternate plans to sell the business or exit through an initial public offering...
John Thiel, who has led Merrill Lynch Wealth Management since 2011, is stepping down from his role to pursue other passions in his life, including working with organizations that help the less fortunate. Andy Sieg, who has led the firm’s...
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Envestnet is the latest firm to create tools to help advisors comply with the Department of Labor’s fiduciary rule, which takes effect next April. The firm’s tools include a best interest assessment, which is integrated cli...
Jeff and Kim Camarda, two Florida-based advisors who filed a lawsuit against the CFP Board in June 2013 after being sanctioned by the organization for calling themselves "fee-only" advisors, took a blow in their legal battle on Tuesday...
