The Indie Robo-Advisor: A Doomed Business Model?
Bigger competitors and growth-hungry venture capitalists are bearing down on software-only "eRIAs," but there may be a way out, Cerulli says.
Recruiting Roundup: Raymond James Nabs $550M Team From UBS
Meanwhile, U.S. Trust adds four advisors, and Cetera picks up Gough Financial as part of an OSJ.
FINRA Nabs 10 Reps in Risky Broker Op
FINRA carefully watches broker migration, especially when reps "move in groups from an expelled or high-risk firm to other securities firms," says FINRA's Axelrod.
Credit Suisse Mulls Sale of U.S. Private Bank
U.S. wealth management business is estimated to have $115 billion in AUM and about 370 advisors.
The Real Cost of Investment Fees
Personal Capital, an online advisory firm, just released a report showing how much money investors lose paying fees to financial institutions.
Recruiting Roundup: UBS Adds $5B Team From JPMorgan, Advisor From Merrill
Meanwhile, Wells Fargo recruits JPMorgan rep, as Ameriprise picks up four ex-Wells FAs.
Why Now Is a Good Time to Remind Clients to Save for College
Several states are offering prize money this month to families who contribute to their in-state 529 plan.
Folio Signs Up to Sell NextShares
Folio will be the first BD to offer Eaton Vance's exchange-traded managed funds; 11 asset managers, including ALPS, have signed on to launch NextShares.
Regulation a Bigger Threat to Advisors’ Business Than Market Crash: FSI Survey
CEOs of FSI member firms overwhelmingly agree that potential regulatory actions rank among the top concerns.
Where the Real Cybersecurity Risk Comes From
One of your vendors discloses they’ve suffered a data breach, potentially exposing your clients to losses. How do you respond?