Black professionals account for just 2% of Certified Financial Planners in the US, according to industry data.
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Rick Wurster has been with Schwab since 2016 and is set to take the helm of the almost $10 trillion discount brokerage in January.
The wirehouse’s independent channel has become the fastest growing segment of its wealth management unit and helped retain advisors.
With the Great Wealth Transfer in full swing, advisors need to be ready for younger clients who are more mobile, according to a survey.
The CEO of Dynasty Financial Partners landed new funding from top financial services firms as a hurricane barreled down on his Florida home.
The average New York City securities salary dropped 5.2% in 2023, mostly due to smaller bonuses, marking a drop from the pandemic highs.
The SEC has dished out more than $3 billion in fines regarding off-channel communications, with another 11 firms getting dinged this week.
More than 6 in 10 retail clients said they are now considering paying for professional advice, according to research from Cerulli.
Peter Mallouk experienced digital disruption firsthand in his career. Tech advancements will continue to upend the RIA industry as well.
Edward Jones, one of the nation’s largest brokerages, is shaving fees for mass affluent clients come October — albeit by just a hair.
Wealthy families with their own family offices will be nearly 200% richer by the end of the decade, according to a Deloitte report.
FINRA enforcement cases plummeted last year, sliding to the lowest level in the agency’s history, which caught the eye of Elizabeth Warren.
Parents and family members are Gen Z’s No. 1 source for financial advice, even topping social media influencers.
Most financial advisors will have to start formally reporting suspicious money laundering activity by 2026.
Peter Nobel is among a group of investors partnering with the wealth manager Cardea to create a rebranded firm Fourcore Capital.
Legacy firms are recognizing the importance of crypto and diving deep into blockchain technology to help institutional investors.