Practice Management

Actionable advice and frameworks for financial advisors to build larger more durable businesses.

Advisor Upside

How Early Education is Helping Advisors Promote Racial Equality

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Black professionals account for just 2% of Certified Financial Planners in the US, according to industry data.

2 min read
Advisor Upside

Schwab’s Incoming CEO Wurster on ‘Big Shoes’ and Positive Vibes

Photo via Charles Schwab

Rick Wurster has been with Schwab since 2016 and is set to take the helm of the almost $10 trillion discount brokerage in January.

3 min read
Advisor Upside

Inside Wells Fargo’s Bet on Independent Advisors

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The wirehouse’s independent channel has become the fastest growing segment of its wealth management unit and helped retain advisors.

2 min read
Advisor Upside

Rich Clients Stick With Their Advisor. Their Children? Not So Much

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With the Great Wealth Transfer in full swing, advisors need to be ready for younger clients who are more mobile, according to a survey.

1 min read
Advisor Upside

Dynasty’s Shirl Penney on Hurricanes and the American Dream

Photo via Dynasty Financial Partners

The CEO of Dynasty Financial Partners landed new funding from top financial services firms as a hurricane barreled down on his Florida home.

2 min read
Advisor Upside

Wall Street Pay Falls Further From Pandemic Highs

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The average New York City securities salary dropped 5.2% in 2023, mostly due to smaller bonuses, marking a drop from the pandemic highs.

1 min read
Advisor Upside

Behind the SEC’s WhatsApp Crackdown

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The SEC has dished out more than $3 billion in fines regarding off-channel communications, with another 11 firms getting dinged this week.

2 min read
Advisor Upside

Fiduciary Ad Campaigns May Be Hitting Home

Photo via Connor Lin / The Daily Upside

More than 6 in 10 retail clients said they are now considering paying for professional advice, according to research from Cerulli.

2 min read
Advisor Upside

Creative Planning’s Peter Mallouk on Record Stores and Capitalism

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Peter Mallouk experienced digital disruption firsthand in his career. Tech advancements will continue to upend the RIA industry as well.

2 min read
Advisor Upside

Edward Jones Trims Fees for Mass Affluent Clientele

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Edward Jones, one of the nation’s largest brokerages, is shaving fees for mass affluent clients come October — albeit by just a hair.

2 min read
Advisor Upside

Rich Families’ Wealth to Grow to $9.5 Trillion by 2030

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Wealthy families with their own family offices will be nearly 200% richer by the end of the decade, according to a Deloitte report.

1 min read
Advisor Upside

FINRA Cases Hit Record Lows. Warren Wants Answers

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FINRA enforcement cases plummeted last year, sliding to the lowest level in the agency’s history, which caught the eye of Elizabeth Warren.

2 min read
Advisor Upside

Where Does Gen Z Turn for Financial Advice? It’s Not TikTok

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Parents and family members are Gen Z’s No. 1 source for financial advice, even topping social media influencers.

1 min read
Advisor Upside

Advisors Gear Up for Treasury’s New Anti-Money Laundering Rule

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Most financial advisors will have to start formally reporting suspicious money laundering activity by 2026.

2 min read
Advisor Upside

Nobel Heir Invests in US Wealth Manager

Photo by Osama Shukir Muhammed Amin FRCP(Glasg) via CC BY-SA 4.0

Peter Nobel is among a group of investors partnering with the wealth manager Cardea to create a rebranded firm Fourcore Capital.

2 min read
Advisor Upside

State Street to Tokenize Real-World Assets for Institutional Investors

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Legacy firms are recognizing the importance of crypto and diving deep into blockchain technology to help institutional investors.

2 min read
Advisor Upside

SEC Sends Message Over Off-Channel Communications

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Advisory firms are having to pay hefty fines if they get caught discussing business matters on personal devices.

1 min read
Advisor Upside

Citi’s Sweeping Changes to Wealth Unit Still a Work in Progress

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America’s fourth largest bank has decided to double down on wealth management, which has resulted in plenty of new faces.

2 min read
Advisor Upside

Advisors Turn to Substack to Tune In New Clients

Photo via Connor Lin / The Daily Upside

The online newsletter platform is providing advisors with the tools to maintain and attract new wealth management clients.

2 min read
Advisor Upside

India’s Growing Wealthy Are Grabbing Advisors’ Attention

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With India’s wealthy citizens on the rise, wealth management firms are placing their bets on new services to help serve them.

1 min read