The Client: Special services
April 29, 2021
Client Lending at Wirehouses Up in Q1
Worries about liquidity in light of the Covid-19 pandemic and low interest rates have led to a rise in client lending at Bank of America, Morgan Stanley and Wells Fargo.
April 28, 2021
UBS Counting On ‘Freemium’ Product to Grow Advisor Biz
“It certainly gives our financial advisors a competitive advantage when competing against other advisors,” according to a person familiar with UBS’ earnings.
April 21, 2021
SEC Cautions B-Ds on Lending Programs Ahead of Compliance Deadline
A no-action relief to bring fully paid lending programs into compliance with the customer protection rule expires on April 22.
April 20, 2021
Retail Investors 'Forced into the Stock Market Casino'
"When fast-moving, high-risk speculators dominate, we have a classic recipe for market disruptions," says Rachel Robasciotti, founder and CEO of Adasina Social Capital.
Video [ 2:30 ]
March 18, 2021
Citi Urges Investment Bankers to Cross-Sell Private Banking Services
Meanwhile, Credit Suisse is mulling spinning off asset management from its wealth management division.
March 5, 2021
SEC Warns of Pitfalls of Digital Assets; B-Ds Must Be Able to Defend Biz
The Securities and Exchange Commission will examine various aspects of the digital assets business, including safekeeping, potential conflicts of interest and customer understanding.
March 2, 2021
Robust Planning Process Bolsters FAs' Ability to Charge Separate Fees
Justin Duft, director for advanced planning at Commonwealth Financial Network, says switching to separate planning fees from an asset-based fee can be a hard conversation to have with clients.
Video [ 3:26 ]
March 2, 2021
Ex-LPL FA Who Prepared Will for Client Broke Outside Biz Rules: Finra
Finra alleges that the former LPL Financial advisor billed the family of an elderly client for a will that the FA says he downloaded from an online legal website.
March 1, 2021
Broadridge Launches Securities-Based Lending Marketplace
The financial technology firm has reeled in The Bancorp Bank as its first funding partner.
February 25, 2021
Managing a Small Business Owner’s Retirement
Small-business owners often have their entire lives tied up in their business. Stepping away often requires extra planning and guidance.