Emerging Wealthy Aren’t at All Like Current Millionaires. Or Are They?
A more ethnically and gender-diverse group of wealthy Americans wants what today’s wealthy want, but aren’t sure advisors want them.
Fidelity Merges Clearing and Custody Arms; Launches Tech Unit
The combination of National Financial and Fidelity Institutional Wealth Services is five years in the making. Fidelity Wealth Technologies will be led by Mike Durbin.
What Do Young Near-Millionaires Need? Advice. What Don’t They Have? Advisors.
Emerging millionaires may be risk-averse to a fault and lack financial plans. Less than half have an advisor, Fidelity found.
Recognizing Veterans at Schwab Impact
Acknowledgement of those who served, donations to the Foundation for Financial Planning, and a call for help from the industry for returning veterans.
A Techie Who Cares: Meet Trust Co.’s New Leader
With energy befitting a Silicon Valley startup, Trust Company of America may just be what the industry needs.
Young Millionaires More Optimistic Than Boomers
Ninety-two percent of Gen X and Y millionaires work with an advisor, Fidelity says. Here's what they're looking for.
Fidelity Clearing Unit to Reorganize, Appoint New Leaders
Fidelity Institutional announced Wednesday that it would reorganize the business due to rapid changes in the financial advice industry.
Fidelity Hires Away Trust Co. Senior Sales Exec Oros
In a surprise move on Friday, clearing and custodial firm Trust Company of America announced that vice president of national sales Bob Oros is leaving to become EVP of RIA sales and relationship management at Fidelity Investments.
Building Trust With Tech
Frank Maiorano’s vision for clearing and custodial firm Trust Company of America includes a cutting-edge push into tablet technology.