Stock Jocks Get Their Knocks at BDs
The number of transactional representatives will shrink further as their risk versus reward to BDs no longer supports their business—and compliance—models, Jon Henschen writes.
Recruiting Roundup: UBS Adds $2B Advisors as Merrill Picks Up $1B Reps
Meanwhile, Morgan Stanley and Raymond James share their recruiting news, and a group breaks away to work with Dynasty.
How Health Care Will Crush the 80% Income Replacement Idea in Retirement
Retirees planning to replace 80% to 85% of their income may fall short once health care is factored in, HealthView Services warns.
When Banks Cut Off Data From FinServ Sites, Who Wins?
Restricting data is “ultimately more harmful for the investor,” Orion's chief technology officer says.
Changing Demography to Force Big Shift in Retirement Planning
Posting 3% to 4% economic growth 'like we had in the ’70s or ’80s is never going to happen,’ says Research Affiliates' Chris Brightman.
Cerulli Sees 2,500% Jump in Robo Assets in Next 5 Years
"Low-minimum, low-cost portfolios, coupled with consumers’ expanding interest in passive investing will fuel this growth," Cerulli's Tom O'Shea says.
UBS Issues Profit Warning, Shuffles Execs
Tom Naratil to take over as UBS Americas president; Bob McCann moves into chairman slot.
Riskalyze Combines 3 Products in Real-Time Platform
One new feature: In a click, advisors will be able to certify that they have fulfilled all their fiduciary responsibilities.
Recruiting Roundup: UBS Grabs 3 Reps, Raymond James Adds 2 Teams
Meanwhile, LPL Financial brings on a new group, which also is affiliating with one of its hybrid RIAs.
LPL Joins Ranks of Other Advisory Firms With New Internship Program
The program was developed with Private Advisor Group, one of the largest hybrid RIAs on its platform.