I am a career changer. I originally worked in leveraged finance when I left school. I always imagined myself as a working mother. I had three children. I was traveling from New Jersey to the city. Life throws you curves. It didn't work anymore. So, I left Wall Street. I used to work at home,…

For many financial advisors, their website is a critical tool for attracting new clients and building lasting relationships. However, reports indicate that almost 50% of visitors to financial services websites leave after viewing just one page – and that number is growing. For retail financial advisors, this challenge is even more pronounced. Many providers offer…

The mastermind behind esoteric funds like those that are now closed Inverse Jim Cramer ETF, Tuttle Capital Short Innovation ETF(an ETF designed to provide inverse returns to Cathie Wood's ARK Innovation ETF) and has leveraged single-stock ETFs for the likes and dislikes of Nvidia, Tesla and Alphabet has prepared a new bet: an ETF built…

Just a week after wrapping up its annual INSITE conference in Nashville, BNY Pershing has laid off its business advisory team and about half a dozen people in its products group, sources said. The business consulting team was responsible for helping RIA clients grow their businesses, while the product team delivers advisor products related to…

Insurers today are more willing to offer errors and omissions (E&O) coverage to RIAs for cryptocurrency investments than they were just two years ago, according to proprietary data from Golsan Scruggs, an insurance broker serving the utilities industry financial. This is provided that RIAs have obtained certification from appropriate industry groups, such as DACFP or…

When you're the technology leader at a $1 billion wealth management firm, there's a lot that can keep you up at night. Technology issues are evolving, but fortunately, so are the solutions. When it comes to the CTO role, technical and analytical skills are only part of the job. It may be that no skill…

The change review process is complex. For those deciding to make a move, there's a whole new set of considerations and potential complications—especially in the regulation-heavy, compliance-driven world in which advisors now live. The good news is that there are highly experienced securities law attorneys and advisor transitions who live and breathe this world. They…

As the financial services sector finds itself in the midst of another paradigm shift within the industry, it's no secret that the RIA space is entering a transformative era to keep up with market demands. As the firms of the future prepare to adapt to an ever-changing environment, traditional recruitment tools are no longer the…

(Bloomberg) — Wells Fargo & Co fired more than a dozen employees last month after investigating allegations they faked work. The employees, all in the firm's wealth and investment management unit, “were dismissed following an investigation into claims that involved simulating keyboard activity giving the impression of active work,” according to statements filed with the…

Most registered investment advisory firms are constantly in recruiting mode. Once they find that great “fit” in a new advisor and reach an agreement that works for both parties, it's time to break out the champagne and cigars. Or is she? This period is often when the proverbial ball drops and the resulting problems can…