Advisors
News updates, trends and analysis on financial advisors, investment advisors (RIAs), and financial planners (CFPs).
Trendspotter: Advisor Fee Structures Are Shifting
By Melanie WaddellAdvisors have become more likely to offer fixed fees and hourly fees in addition to asset-based fees. Here's why.
July 14, 2021
BofA Targets Wealthy Florida Clients as Advisors Set to DoubleRevenue for the bank's wealth businesses, including Merrill, rose 14% from a year ago to hit $5.1 billion in the second quarter.
July 13, 2021
15 Advisors Moved to Janney in Q2 From Merrill, Wells Fargo, Other RivalsThe recruits added more than $3.8 billion in assets under advisement to Janney during the quarter.
July 13, 2021
Raymond James Adds 12 Ex-Wirehouse Advisors Managing $2.2BThe additions grow the firm's footprint in South Florida.
July 13, 2021
BlackRock Boosts SMA Capabilities With Stake in SpiderRock AdvisorsSpiderRock's strategies, available through RIA custodians, are focused on risk management and yield enhancement.
July 12, 2021
U.S. Bank Buys PFM Asset Management BusinessThe unit will keep operating as a separate entity; PFM's financial advisory business is not part of the deal.
July 12, 2021
11 Dreams to Motivate Your Client to InvestWhether it's helping family, leaving a legacy or buying a beach house, having a concrete goal can help your clients save and invest more.
July 12, 2021
Kestra to Pay $10.3M Over Undisclosed Mutual Fund CompensationKestra advisors failed to disclose compensation received by their BD when investing client assets in certain funds, the SEC alleged.