During its investor day, Apollo Global Management, a New York-based firm with $696 billion in AUM, set out a new set of ambitious growth targets over the next five years, including growing its assets from the global wealth channel to 150 billion dollars by 2029. . “Advisors and their clients now understand that the public…

A North Carolina adviser is asking a federal court to strike down his non-solicitation bond with his former employer Edelman Financial Engines, calling it “overbroad” and “not reasonably tailored to protect legitimate business interests”. Josh Hederick filed suit last week in North Carolina federal court against Edelman. According to SEC dataHederick first registered with Merrill…

Wealth advisers and asset managers expect a boost in flows to actively managed fixed income strategies in the wake of lower interest rates, FundFire reports. Schwab Asset Management is splitting shares in two-thirds of its ETFs in an effort to boost sales. These are among the investment must-reads we found this week for wealth advisors….

InvestCloud, a major technology provider for the advisory and wealth management market, announced a new strategic direction, updated its corporate logo and website and introduced a tagline: Wealth Connected. This new label points to a world where personalization, or hyper-personalization, is customer expectation and a world where “human-centered design that can elevate that relationship” will…

In this fascinating talk, Auxesys founder and CEO John Swystun shares his insights on how RIAs can capitalize on the evolving customer journey due to large wealth transfer. John also discusses what RIAs can learn from SAAS companies as they strive for hyper-growth and his contrasting views on building brand awareness, increasing lead generation and…

(Bloomberg) — The chief executive of Charles Schwab Corp. Walt Bettinger will step down at the end of this year, handing over the role to President Rick Wurster after the firm said three months ago it would revamp its banking unit. Bettinger, who turns 65 next year, has led Schwab since 2008, the company said…

At the 10th Annual Wealth Management Industry Awards, Peter Nolan, EVP, Sales & Strategic Partnerships, Pontera discusses how his firm allows advisors to provide their clients with integrated advice on all of their assets, including 401(k) plans to help grow organic AUM. Source link

At the 10th Annual Wealth Management Industry Awards, Ray Hennessey, CEO of Vocatus discusses what his firm does to help advisors differentiate themselves and find what sets them apart from other advisors to deepen relationships with their with their customers. Source link

of The Fed's move to cut interest rates should be good news for advisors with private equity allocations, especially with the promise of more cuts to come. The private equity industry has been struggling with stagnant deal volumes in recent years as higher rates have made it more difficult to secure attractive financing for new…

With the passing of another defined contribution holder, the only surprising aspect of Voya's deal to buy OneAmerica's pension division was the price paid, estimated at a fifth of what Empower paid for MassMutual's DC business and a quarter of that up front. The pertinent question for counselors is “who is the other?” When a…