High-profile hires like former NBA All-Star Tony Parker often come with unrivaled, and affluent, personal networks, and can elevate an RIA's game.
A survey showed that 66% of investors age 30 or younger prefer to use a single company for all their financial needs.
The SEC made a substantial change to its Customer Relationship Summary that largely went under the radar: the removal of the word "fiduciary" from mandated language RIAs must use to describe their standard of conduct.
The Financial Literacy and Education Commission suggests "mandatory financial literacy courses."
A new report from Forbes Insights and Temenos also found a majority of wealth managers saw attracting mass affluent clients as "highly important" for their practice.
The recently retired 37-year-old will lead the sports, artists and entertainment division at NorthRock Partners.
Her son Anderson Cooper isn't set to inherit any of the family fortune.
