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.
The Securities and Exchange Commission has tapped Eileen Rominger, former global CIO of Goldman Sachs Asset Management, as its new director of investment management. She replaces Andrew “Buddy” Donohue, who left the agency in November...
The number of years over which recruiting deals vest is growing with every year. But if you're careful with that loan money, it shouldn't make a difference.
Practice management support is the name of the game for the big players in the custodian market. But while competition is fierce, innovations are small and gradual.
While the number of advisors shifting to independent business models slowed somewhat last year from 2009, the size of those breakaways making the move is growing, says Fidelity Investments. It’s not a new trend for the No. 2 RIA custodian...
Last Thursday, Morgan Stanley announced that employees on the banking and brokerage sides of the firm who get a substantial bonus—everyone from bankers to traders to branch office managers—will now be seeing 35 to 50 percent of that...
U.S. and Canadian banks say developing mass affluent wealth management business is a top priority, but they’re not doing enough about it, says a recent report from Aite Group. Most banks are focusing their efforts on cross-selling brokerage...
Merrill Lynch said today it is rolling out a new pricing program that provides incentives for customers to hold $50,000 or more in BofA deposit accounts or Merrill Edge investment balances. The program, called Platinum Privileges, provides...
