Coaching or Consulting? It Depends on What You Need
The difference? Coaches tell owners what they need to hear; consultants them what they need to do. But that's only part of the answer.
The Dead Horse Bounce. And Another Thing About Flat Fees…
Why have the vast majority of independent advisors not adopted flat fees while those who did eventually switched back to AUM fees?
Morgan Stanley Taps New Chief Stock Strategist
The decision follows the departure of an executive to a hedge fund.
ABLE Alliance Launches Investment Accounts for Disabled, Blind
The new ABLE Investment accounts are “savings vehicles for disability-related expenses that will not jeopardize federal benefits,” said Michael Frerichs, Illinois state treasurer.
Raymond James Adds $5M Morgan Stanley Team
The four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
Growing RIA Grabs $160M Group in SoCal
Mercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
The Dumb Money Isn't So Dumb
Retail investors have moved from active to passive funds, from high to low cost, and from commission-based brokerage accounts to fee-based managed accounts.
Morgan Stanley Grabs $4.6M Merrill Team
The recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
Wells Fargo Said Likely to Withhold Bonuses for Top Execs
Board said to near final decision after talks in January; move would reflect bank’s performance in year hit by scandal.
HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup
Meanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.