See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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NBA Hall of Famer Charles Barkley revealed on CNBC’s Closing Bell program last week that he invests with Raymond James Financial Services. Barkley says he works with Birmingham, Ala.-based advisor Glenn Guthrie. “I’ve been with him for 27 years...
It looks like a wirehouse, it acts like a wirehouse, but it's not a wirehouse. | Robert Churchill/iStock/Thinkstock
Sure, the number of financial advisors is on the decline. But according to The Economist, it's the brokerages, rebranded as w...
Who's calling the Series 65 easy? | nPine/Thinkstock
Colorado-based financial planner James Osborne of Bason Asset Management suggests it is too easy to become an affiliate of a Registered Investment Advisor. That’s the downside of the shift...
Wirehouses still dominate the advisory market, but registered investment advisors and dually registered channels are gaining ground. According to estimates from Cerulli Associates, RIAs will increase marketshare to 28 percent by 2018 after having...
If the financial advisors want to tap into a largely underserved market with nearly $5 trillion in investable assets, they need to rethink the way they interact with female clients, says Sallie Krawcheck. The former president of Bank of Americas’...
Raymond James changed policy and told its advisors Monday that the firm, not the advisor, would pay all of the rebates due to clients who were wrongly sold more expensive classes of mutual funds over the past five years.
The change comes just a ...
By Suzanne Barlyn
(Reuters) - In April 2011, two years before their prices sank, a slew of bond funds that were being sold by UBS’s Puerto Rico arm appeared to its brokers to be such risky investments that they balked at promoting them to their ...
