July 30, 2020
Close to Half of FAs Are Worried About Client Defections in 2020
And close to 75% of all advisors say they’re frustrated about generating new leads and standing out from the competition, a survey shows.
Biden Ticket Sans Warren Would Lower Threat to Industry: UBS Americas CIO
Overall, the election outcome will fail to change stock prices dramatically, says Solita Marcelli.
Stifel’s FA Production Up, Thanks to Hiring Tweaks: CEO
The company’s advisor ranks inched up from 2,224 at the end of March to 2,232 by the end of June.
Ameriprise Adds 75 New FAs in Q2; Client Assets Jump 13%
The company ended the second quarter with 9,894 financial advisors, a slight increase from the 9,871 advisors at the end of the first quarter.
Raymond James’s FA, Trainee Count ‘Negatively Impacted’ by Pandemic
The company’s aggressive recruiting streak seems to have slowed, as it added only seven net new advisors in the latest quarter.
Advisor Beware: Report Finds 1/3 of U.S. Equity Funds Mislabeled
European researchers say the SEC should consider stricter rules, in the wake of the regulator proposing overhauling practices to discourage deceptive and misleading fund names.
LPL to Add M&T Bank’s $20B AUM to Institutional Services Platform
M&T will be the largest financial institution to join the platform once the transition takes place, which is expected in the middle of next year, according to LPL.
Envestnet Rolls Out Free Plan Analytics Tool
The new service will allow MoneyGuide clients to get an overall picture of plans and segment them by client goals, retirement status and more.
Orion Launches Single-Destination Client Portal
The new portal integrates a variety of tools and services that investors and advisors can access from one place, in a bid to bolster client-advisor relationships, the company says.