3 Hidden Broker-Dealer Profit Centers Exposed
There's nothing wrong with broker-dealers being profitable, but how those profits are obtained could use a good dose of disclosure, BD recruiter Jon Henschen writes.
New Hire Roundup: Securities America Promotes 7
Meanwhile, financial data aggregation firm CircleBlack appointed Bill Bartzak and Michael Castellano to its board of directors.
To Succeed in the (Near) Future, BDs Must Avoid the Winner's Curse
Pershing has been delivering slices over the past year of its Broker-Dealer of the Future II research, which focused on six big transformations that independent BDs must embrace if they wish to succeed in the future.
Mariner Acquires RIA Vantage Investment Advisors
Mariner Wealth Advisors expands its Northeast presence with acquisition of Pennsylvania-based RIA firm Vantage Investment Advisors.
Has the Consumer Media Gotten the Fiduciary Message?
If some recent articles in The New York Times and Forbes are any indication, 2015 might become the year of "fiduciary-only."
The Future of Advice: The Bad News Looks Better Than the Good News
Apparently, 2014 was the year of over-hype for advisory industry surveys.
New Hire Roundup: Envestnet Names Hardwick President of Advisor Services
Meanwhile, New York Life has appointed Kathleen Navarro its chief diversity officer.
What’s the Future of Advisor AUM Fees?
As the price of beta goes to zero, will financial planners be forced to reduce or unbundle AUM fees?
Pay-to-Play Compliance Reminders for Advisors at Election Time
Remember Rule 206(4)-5 of the Investment Advisers Act? The SEC does. You should, too, especially if you or your advisory firm associates make political contributions.
The Rainmaker’s Reign Is Over
Firms that rely on one or two rainmakers will find themselves struggling to keep up. It's time for a new strategy.