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.
Registered investment advisers, listen up. Your custodian needs you—more than ever. Just look at this week’s earnings reports from Charles Schwab Corp. and TD Ameritrade Holding Corp. Asset growth, fueled in part by the RIA custody businesses of...
Morgan Stanley financial advisors should expect more cost-cutting in the global wealth management division in coming quarters—possibly in the guise of cuts to staff or financial advisors. On a second-quarter earnings conference call Thursday...
Raymond James Financial’s (NYSE: RJF) private client group added 20 advisors in the U.S. during the fiscal third quarter despite a tough recruiting environment for regional firms. But second-quarter earnings were down.
Chase Private Client, an under-the-radar wealth management unit of the giant bank, plans to open 160 offices to serve 600 branches around the country in two years, up from only 16 dedicated offices currently, JPMorgan Chase &Co. announced...
After studying Capgemini’s recently-released 2011 U.S. Metro Wealth Index, wealth management firms who aren’t doing business in the New York or Houston markets may be asking themselves why not.
BofA's Global Wealth and Investment Management, which includes Merrill Lynch, reported $506 million in net income for the quarter. Merrill Lynch contributed the bulk of revenues, with $3.5 billion, up from $3.1 billion a year ago.
SIFMA sent a letter to the SEC Thursday that recommends a new fiduciary standard that would be more rules-based and that would depend on individual client contracts for its application.
VWG Wealth Management, with assets of $700 million, is the fifth wirehouse team this year to join HighTower Advisors, a Chicago-based hybrid RIA with national reach and $18 billion in AUM. HighTower signed up three Merrill Lynch teams in Palm...
RIMM will continue to lose market share, and face declining revenue, margins and average selling prices. The end result will be a firesale of RIMM, perhaps to Dell (DELL), MSFT, or an East Asian hardware maker...
Austin: “I’m a natural in social circles. My family has excellent contacts and I can get face-to-face with all of them socially” began Jim. He continued, “But now what? I always have this issue of bridging the gap between social relationships and...
