See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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In a call detailing Morgan Stanley’s Q4 earnings, Chairman and CEO James Gorman said he expected the company’s wealth and investment management businesses to become a larger portion of the firm’s pre-tax profits.
As portfolio performance becomes the top concern among clients, one in four have either thought about switching, or switched, financial advisors in the last three years, a YCharts survey found.
Merrill Lynch Wealth Management President Andy Sieg said we are in a 'bull market for advice.' Meanwhile, in its quarterly earnings, Wells Fargo reported a slight dip in its headcount over 2021.
Principal Asset Management collabs with YieldX and Smartleaf; Modern Life partners with Pacific Life; Advisor360 absorbs Agreement Express; and a new hire at Carefull.