How Real Advisors Can Steal the Robo-Advisors’ Advantage
FlexScore, an in-depth financial scoring system, might help financial advisors get the robots to work for them.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014
This quarter saw surprising performance dips and peaks across the financial sector.
Wirehouse Fees & Commissions: Who’s on Top?
One big firm surpasses its rivals by a very comfortable margin when it comes to both advisor productivity and average AUM.
Merrill Nabs 2 Advisors, Wells Adds 5
The new Merrill team has $3 billion in assets, while each of Wells Fargo’s latest recruits produces more than $1 million in yearly fees and commissions.
BofA’s ‘Better Money Habits’ Program Can Be a Barometer for Advisors
By understanding what financial topics the general public is looking up, advisors can better anticipate where their clients need the most guidance.
JPMorgan Pledges $20M for Veteran Initiatives
JPMorgan Chase has pledged $20 million over the next five years to go to employment, education and housing programs for veterans and their families.
New Hire Roundup: Mercer Investments Adds 4
Also in personnel moves, Cathy Clauson joins AssetMark, and Tonnie Wybensinger joins the Financial Services Roundtable.
Ex-Bank of America CFO to Pay $7.5M Fine to New York
New York attorney general’s settlement with Joe Price over Merrill merger comes one month after $25 million deal with ex-Bank of America CEO Ken Lewis.
Merrill Grabs $300M Morgan Stanley Team
Also, an ex-Wachovia advisor joins Pitcairn, and Raymond James adds succession tools.
BofA Posts Loss; Wealth Group Profit Slows: Q1 Earnings
The bank’s earnings are hit by mortgage issues, and advisor-related net income drops from the fourth quarter.