Industry

Female advisors outinvest their male counterparts when it comes to marketing.

“These changes are about streamlining our wealth-management businesses and pulling product capabilities closer,” Merrill Lynch President Any Sieg said.

The commission will include five members who do not currently sit on the CFP Board’s Board of Directors, and its chair previously headed a task force that scrutinized the Board’s enforcement program.

A focus on consumer marketing and a formula for advisor efficiency were met with lofty expectations and millions in additional funding.

The RIA services platform, launched in 2010, hopes to raise up to $100 million in its initial public offering, according to an SEC filing.

Gorman told the bank’s board last year that he planned to stay on for at least three more years.

Schwab CEO Walt Bettinger discusses the TD Ameritrade acquisition, the firm's relocation to Texas and the possibility of crypto trading.

The leading RIA’s acquisitions include its first office locations in Wisconsin and Tennessee. Beacon acquired 14 firms in 2021, compared with four deals the previous year.

The funding will help Facet Wealth continue to grow its business, targeting the segment of the market that has never worked with a financial advisor.