See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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(Bloomberg View) -- There was a lot of excitement on the Internet recently after the pseudonymous administrators of the finance-media website Zero Hedge were unmasked. Zero Hedge has become known as a source of cutting-edge news, rumors and...
(Bloomberg) -- Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.)
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(Bloomberg) -- Ameriprise Financial Inc. Chief Executive Officer Jim Cracchiolo is looking for chances to add financial advisers as new government regulation on retirement products pressures smaller rivals...
Make a move.
Compared to previous years, advisors who switched firms were much more likely to be younger, female, and manage more assets, according to Fidelity Clearing and Custody Solutions’ third bi-annual study on advisor movement. The...
As head of acquisitions for United Capital, I’ve worked on dozens of transactions involving wealth management businesses over the last decade. Selling firms are often led by incredibly capable entrepreneurs, but I’ve observed a...
(Bloomberg) -- Pacific Life Insurance Co. agreed to buy Cadence Capital Management, adding $4 billion in assets under management and expanding into smart-beta investing, which weighs metrics beyond market capitalization when picking stocks...
Symmetry Partners, a turnkey asset management provider that has $7.4 billion in assets under management and advisement, launched a new microsite Monday with resources to help advisors find, market to and connect with female investors. The “Wo...
Need more of these. | vitanovski/iStock/Thinkstock
The bad apples in this industry—those working in the dark corners—may continue to operate in the dark, if a new survey is any indication. Overall, one in five U.S. adults have been victims...
(Bloomberg) -- Mutual and hedge fund managers dodged the toughest provisions of newly proposed U.S. pay rules designed to discourage excessive risk-taking on Wall Street...
