‘Tainted’ Wells Fargo Facing Advisor Talent Drain: Recruiters
The bank’s “tainted brand” means advisors are less likely to join and some will become more interested in leaving, recruiters say.
The BICE Is Not a DOL Fiduciary Get-Out-of-Jail-Free Card
Understand when you must use the best interest contract exemption under the DOL fiduciary rule — that means even you, fiduciary advisors!
5 Guideposts for RIAs to Comply With SEC’s Change of Control Rules
All RIAs will inevitably need to navigate the SEC’s “change of control” rules and guidance. Here’s how to stay on course.
Advisor M&A Surging to Record Year; Should Be ‘New Normal’: DeVoe
With busiest quarter for deals still to come, 2016 is shaping up as record year for RIA mergers and acquisitions, says Dave DeVoe.
Baird, RBC Wealth Add Advisors From Wells Fargo: Recruiting Roundup
Meanwhile, Raymond James picks up a $1.5 million team from UBS in St. Louis.
How Goldman Sachs Fires Workers
Investment bank must file “WARN notices” in New York; 43 here, 109 there and pretty soon 443 employees are dismissed.
8 Questions to Help Advisors Comply With DOL’s Other New Rule
Labor’s White Collar Exemption Rule, which changes the rules on which employees get overtime pay, has a deadline of this Dec. 1.
Errors of Commission: AUM Fees Are Better Business
Broker-dealers' decisions to stop offering commission products in retirement accounts reopens the fees-versus-commissions debate.
Top 20 CEOs of 2016: Harvard Business Review
Every year HBR ranks the top 100 CEOs based on their companies’ performance. ThinkAdvisor focuses on the top 20 CEOs.
Schwab’s Bernie Clark Urges Advisors to Evolve; Unveils Robo-Advisor Upgrades
Since wirehouses “want to look like you,” head of Schwab custody unit urges advisors to evolve to meet client needs.