12/13/2022
6 Wirehouse Comp Trends to Watch in 2023
Two of the three experts we spoke to predicted we would see a continued focus on both advisor team-based compensation and encouragement of fee-based revenue versus transactional revenue.
Comment, Analysis & Research
12/12/2022
Best Idea: Advisors Should Detail Improvements To Team, Practice
It is a one-page letter that mentions everything we did that year. It is not to brag or anything.
12/12/2022
Clarfeld | Citizens Private Wealth Survey Finds Wealthy Americans Plan to Maintain or Increase Spending in 2023
Four in five plan to make portfolio changes in the New Year to reach financial goals
12/09/2022
New Research from Edelman Financial Engines Explores the Mindset Around Wealth in America Today
Only 12% of Americans – and 29% of actual millionaires – feel “wealthy”
12/07/2022
Morningstar Launches New Research Portal for Financial Advisors, with Independent Research and Insights at Center
The new research platform's actionable interface helps investment professionals deliver personalized advice to clients
12/07/2022
‘We don’t lay off people’: This is how Bank of America’s CEO plans to reduce employee levels
“We don’t lay off people, but we have an ability to reshape our headcount pretty quickly just by the turnover that occurs,” Moynihan said Tuesday during a financial conference.
12/07/2022
Capital One CEO Sees Learning Curve for Finance: Goldman Update
Fairbank said his company has begun to tighten underwriting for lower-income consumers, who have already started to go delinquent on card loans more quickly than their wealthy counterparts.
12/05/2022
Who is the world’s largest asset owner?
The value of the assets that the world's top 100 largest firms are responsible for gained 9% last year
12/03/2022
The difference between wealth management and financial planning and why you need both
Financial planning is the process of looking comprehensively at a person’s current financial situation and building a specific plan that serves as the roadmap to reach their goals.
12/02/2022
ABA Recognizes Winners of “Under 40 in Wealth Management Awards"
We congratulate these extraordinary industry leaders who are already making their mark in the continually evolving area of wealth management
12/02/2022
BCG Creates BCG X as New Hybrid of Consulting and Tech Build & Design Capabilities
BCG X will turbocharge BCG’s deep industry and functional expertise to enable innovation at scale and deliver successful end-to-end digital transformations
11/30/2022
Bank of America chief predicts ‘mild recession’ in 2023
Contractions in gross domestic product (GDP) in both the first and second quarters of 2022 added weight to the warning
11/29/2022
JPMorgan Leads in Wealth Management Digital Experience: Survey
A J.D. Power survey of wealth management customers also found that advised investors have greater overall satisfaction with their firm’s website and app than self-directed investors do.
11/29/2022
Layoffs Create Pitfalls for Finance Executives Looking to Cut Costs
Companies are shedding jobs to reduce costs amid high inflation and rising interest rates, but they run the risk of violating labor laws
11/28/2022
Rising Inventory Will Be the Housing Market’s Next Problem
All told, the early 2023 inventory spike looks unavoidable, and the real question is where mortgage rates will be when the listings hit the market.
11/25/2022
Credit Suisse Group AG executes capital increase by way of share placement and announces the final terms of the rights offering
This announcement is not an offer of securities for sale in the United States.
11/23/2022
You Can Grow HSA Money For Retirement, Too, RBC Wealth Says
Advisors need to help them build their HSAs into their wealth planning and retirement planning
11/23/2022
Wealth Management Apps Essential to Attracting and Retaining Younger Investors, J.D. Power Finds
The mobile app really is becoming the center of the modern wealth management client user experience, and that’s true not just for do-it-yourself investors but also for those who work with a financial advisor.
11/22/2022
AM Best Comments on Credit Ratings of Nassau Financial Group, L.P.’s Insurance Subsidiaries Following Announcement of Delaware Life Insurance Company of New York Acquisition
This transaction follows several others made by Nassau over the previous couple of years and is in line with their current growth strategy of acquiring small to midsized life/annuity blocks of business, while continuing to grow annuity sales.
11/21/2022
15 Biggest Banks In The World
In recent years, State Street Corporation has been expanding its reach beyond traditional financial services.