Edward Jones reports assets are up, but so is advisor attrition
Edward Jones added $17B in net new assets despite a sharp slowdown in new client households, reflecting a focus on high net worth clients and specialized services.
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The unexpected ways AI note-takers 'accelerate' client connections
Time savings is generally understood to be among the main advantages of AI note-takers. But advisors who have incorporated them into their practices said the benefits go much deeper.
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If steam goes out of stocks, can private markets fuel portfolios?
Stocks have been on a historic bull run, but the good times can't last forever. Now's the time to diversify with private equity, credit and other alternatives, say wealth managers at Dynasty, Nuveen and WEG.
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Using agentic AI to spend better — not just more — time with clients
New tools go beyond simple automation. They're helping advisors deliver more meaningful value in client meetings.
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JPMorgan's billionaire clients want sports teams over fine art
Sports are in for the ultrawealthy; paintings, out. Some 20% of 111 billionaire families served by the Wall Street giant now own controlling stakes in sports teams.
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Edward Jones outlines new two-tier partnership and equity plan
In a filing with the SEC, Edward Jones announced plans to expand associate ownership by creating a new class of limited partners and a two-tier structure.
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As RIAs grow, here's how advisor compensation is changing
The Ensemble Practice's annual RIA compensation survey suggests that firms are paying a pretty penny for financial advisors but reaping healthy profits.
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HB Wealth recruits from JPMorgan, Janney from Morgan Stanley: Advisor Moves
Also, an Ex-Truist/Balentine duo start an RIA, Raymond James grabs a team from Wells Fargo and Janney names a new head of advisor recruiting.
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IRS ends Direct File program
The Internal Revenue Service has shut down its Direct File free tax-filing program, sending an email to the 25 states that offered it this year.
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Schwab to buy private firm marketplace Forge for $660M
Schwab becomes the latest large wealth manager to cite the shrinking number of publc companies as a reason to help regular investors get into private markets.
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Protecting wealth management data in the age of AI
Bad things can happen when advisory firm employees experiment with shiny new AI applications. An innocent "test drive" could trigger data breaches and compliance snafus.
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Merrill execs to investors: We'll bring in $150B in new assets a year
Merrill wealth co-head Eric Schimpf says the firm does about as good a job as its rivals in drawing in net new assets. But given Merrill's relationship with Bank of America, "We can do better."
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The risks behind retail investors' fervor for private markets
A credit scare last month could have been a momentary blip, but financial advisors have always known there are a lot of risks in private investments.
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You're recording the meeting. Is your client, too?
AI note-takers have become increasingly common among advisors. So has the use of wearable AI recording devices among the general population. What happens when the tables are turned?
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CFP exam pass rates are on the rise — how come?
The share of test takers who pass the CFP Board's exam has risen significantly in recent years, but experts are divided on what's behind the change.
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Compliance as an AI 'brake pedal' and how firms are learning to steer
Firms of all sizes have had to think through the compliance concerns and rank AI tasks in order of difficulty, ADVISE AI panelists said.
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How to grow through M&A: What RIAs should know
Deal structure, transition plans and dog and pony shows represent only a few of the thorny difficulties involved with branching into an acquisition strategy, experts say.
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Citi family office head to leave in latest wealth exit
The exit of Hannes Hofmann comes amid continuing overhaul of Citi's wealth business and follows on the departure of its private bank's longtime global head Ida Liu.
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Tech that looks at financial planning through a liability lens
Fintech platform Libretto outperformed competitors in the financial planning category in the latest T3 Survey. CEO Jeff Coyle said his strategy of slow growth and high quality was working.
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PE plays for midsize RIAs could shift M&A dealmaking
Big aggregators could feel the heat if private equity continues to fund $500M to $1B-AUM firms.
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