TD Ameritrade Unveils All-Digital Robo-Advisory
The BD is offering the new service to existing clients currently and expects to launch it nationally in 2017.
5 Best Asset Managers for Tech-Minded Advisors
According to a report from DST kasina, less than 20% of asset managers provide the detailed performance data that 79% of advisors desire.
Advisor Social Media Use Grows, as Do the Different Ways It’s Used
Which platforms are used and how often depend on individual firms, advisors noted at a SIFMA forum, which could change when FINRA issues new guidance.
Future of Robo-Advice Is Bright, With a Catch: Report
Despite low barriers to entry, incumbents cast a shadow over startups.
‘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.
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.
Senators Demand Clawback Rule in Response to Wells Fargo Scandal
Executive-pay rules under Dodd-Frank offer regulators a chance “to address these accountability issues at major banks,” wrote Sens. Warren and Menendez.
Morgan Stanley Keeps Commission Retirement Accounts, Despite DOL Rule
The news comes one week after CEO James Gorman discussed the importance of giving clients choice.
Technology Disruption Driving M&A in Wealth Management
The first wave of acquisitions was driven by incumbents in an effort to slow down client defection to new entrants.
Coders: The Business Partners You Didn’t Know You Had
The developers working behind the scenes on advisor technology represent the glorious underbelly of fintech you’ll likely never see, but depend on every day.