Trader Talk

Women are still very underrepresented in leadership roles at financial services institutions, despite incremental progress in closing gender and racial gaps, according to new data from McKinsey. But companies have a rare opportunity right now, thanks to the pandemic’s workplace upheavals, to make changes that could permanently improve the situation for women, according to Jill
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With its $1.1 billion cash-and-stock acquisition of TriState Capital Holdings, Raymond James Financial could deploy its bank’s relatively low-cost deposits into more high-yielding loans, fueling growth at a time when interest rates remain stubbornly low and profits from lending have narrowed. Raymond James Chairman and CEO Paul Reilly said the $12.2 billion-asset TriState, a Pittsburgh-based
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An ex-wirehouse team and a former Ameriprise financial advisor merged their practices together to become the 17th this year to join a fast-growing wealth manager with international backing. Geoff Stufflebam, Kraig Bode, Ken Roberts and Shweta Agarwal launched NobleVest Private Wealth in Springfield, Missouri, in an independent move affiliating the new firm with Sanctuary Wealth,
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More than a half dozen former Wells Fargo Private Bank financial advisors joined a new fee-only RIA whose founders say they’re restoring the practices’ vanished team structures. Since Private Wealth Asset Management founders Timothy Kneen and Jeff Shipley launched the Cedar Rapids, Iowa-based RIA on Sept. 3, they’ve added six other advisors who managed a
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Wealthtech company Addepar is spending some of the money it raised over the summer to buy AdvisorPeak, which builds trading and rebalancing software for financial advisors. Addepar’s aggregation, analytics and reporting technology is used by advisors, family offices and large financial institutions to manage data on a collective $3 trillion in client assets. D1 Capital
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Financial advisors are famously averse to marketing and branding — which is why most don’t realize there’s a crucial distinction between the two. Don’t let FOMO propel you onto social networks where your audience isn’t engaged, writes Tara Meehan.Jason Alden/Bloomberg News Brand is the authentic image advisors put out to the world about their firm
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It may be tough to find any cause for concern when evaluating the gains made by the industry’s best-performing value funds. The 20 with the biggest 10-year gains, and at least $100 million in assets, have matched, if not bested, broader indexes and peers with an average 16% annualized return, Morningstar Direct data show. The
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BNY Mellon Pershing has a new business unit that aims to be one part turnkey asset management platform and one part technology incubator. Called Pershing X, the unit’s aim is to accelerate the development of a single suite to provide RIAs, broker-dealers and trust companies with everything they need, from software like client relationship management
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LPL gobbled up several breakaway teams this week and announced a partnership with Lincoln Financial that allows it to access Lincoln’s Strategic Market Solution Plus. The Duke and Duchess of Sussex are backing a fintech. Thinking that marriage equality might diminish the need for an Accredited Domestic Partnership Advisor designation, the College for Financial Planning
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Changing cultural and political attitudes toward employment and the COVID-19 pandemic have turned the talent market on its head — and RIAs are no exception. In fact, the DeVoe 2021 RIA Talent Management Report found that employee turnover is rising rapidly within financial advisory practices. With voluntary departures at their highest level in a decade,
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