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.
Wells Fargo Starts Nationwide TV Commercials Addressing Scandal
The bank, fined $185 million for opening millions of unauthorized accounts, hopes the ad campaign will help it retain clients.
Job-Seeking Students Have Much to Learn
Last month, I visited four CFP Board-registered programs across three states.
Hedge Fund Managers Expect ‘Massive’ 34% Pay Cut: Survey
Odyssey Search surveyed 500 hedge fund professionals; firms with outflows expected to pay less in bonuses.