The Client: Family wealth/family office
June 10, 2021
We’re ‘Not Just an Assemblage of Advisors Anymore:' RIA Chief
Specialization is key for Chicago-based Altair Advisers, which extends ownership opportunities to new partners.
May 5, 2021
FAs Weigh In: Common Wealth Transfer Mistakes Families Make
“At times, reaching out to professionals just seems like a cost and not an investment into the future” for some families, says Interchange Capital Partners’ Brian Baum.
March 12, 2021
Wells Fargo Abolishes Abbot Downing Brand
The move to eliminate the brand is “disappointing,” given the 10 years spent building it, says one current Abbot Downing executive.
March 11, 2021
Merrill Lynch Aims to Make Atlanta Diversity & Inclusion Boomtown
Monthly meetings for Black advisors have grown from a small group of four to a crowd of 25 over the last decade, and Merrill has exported the format of those meetings to its other regions.
March 8, 2021
Morgan Stanley Advisory Fees Compress
The wirehouse has been offering fee discounts and moratoriums to clients who threaten to leave when their financial advisor departs, according to one former advisor and a recruiter.
January 14, 2021
Wells Taps Beth Renner to Lead New Wealth, Investment Mgmt Advice Center
Renner will report to Michael Liersch, head of advice and planning at Wells Fargo’s wealth management unit.
January 7, 2021
Family Offices Warm Up to Hedge Funds Again
Investment firms managing money for the world’s wealthiest families are also interested in private equity and real estate, as well as sustainable investments.
December 17, 2020
Engaging ‘Alpha Child’ Key to Keeping Clients Across Generations: Pershing Exec
Advisors should strive to identify the children of clients that are in charge of wills or that have power of attorney, says Janet Kelly.
December 16, 2020
Morgan Stanley Hikes Private Wealth Minimums, Adds Team Pay Hurdle
The firm is raising client minimums from $2 million to $5 million, which could force advisors in the Private Wealth Management unit to ditch some clients, says one recruiter.
December 2, 2020
Merrill Sued Over ‘Admitted Failures’ of FA Who Allegedly Gave Bad Advice
The lawsuit claims the advisor, who has retired from the wirehouse, gave “wrong and negligent” advice when asked by a client about a transfer of death form.