In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Family businesses are the backbone of the American economy. In fact, 90 percent of the approximately 15 million businesses in the United States are considered to be family businesses, representing more than 60 percent of the gross domestic product...
In an effort to attract more financial advisors who have--or would like to have--ultra-high net worth clients, Fidelity Investments is offering them the same high-end services it offers to family offices.
Schwab Advisor Services' results suggest the great diaspora of breakaway brokers to Independence Land—either independent b/ds or RIAs—may have climaxed.
Two former Merrill brokers won $1.167 million in an arbitration award from Merrill Lynch for deferred compensation benefits that were supposed to vest if they left for “Good Reason” following a change of ownership at the firm. It's...
Once the Securities and Exchange Commission officially defines the term “family office” (and it took the first step in that direction yesterday, 12 Oct.), the floodgates may open for registered investment advisors to capture a chunk of...
