Q: During the pandemic I’ve been working from home like most of my co-workers. Instead of having in-person meetings with clients, we’ve been using videoconferencing. I know that if I was meeting these clients in person I wouldn’t have to keep any documents but when I’m having a videoconference, is there any requirement that I […]
UBS stresses the importance of financial wellness benefits during COVID-19
Financial wellness isn’t a “nice-to-have” benefit anymore — it’s a critical offering for employers who want to keep their most talented employees, UBS executives say. The wealth management giant recently surveyed more than 1,200 U.S. employees across multiple industries to determine how financial wellness programs impact employee experience. Conducted in April and May — some […]
20 memorable — and actionable — takeaways from the CFP Board’s Diversity Summit
The spotlight on racial justice and equity in America following the killings of Breonna Taylor and George Floyd and others has renewed calls for change in the wealth management industry. Industry leaders have laid out a plan for how action can become permanent and sustainable at the CFP Board’s Center for Financial Planning Diversity Summit, […]
Ex-LPL advisor headed to prison for 42 months after Ponzi scheme
A former LPL advisor is heading to prison for three-and-a-half years for his role in orchestrating a long-running scheme that bilked dozens of investors out of nearly $5 million. James Booth, 75, ran what prosecutors described as a Ponzi scheme in which he made a series of “misrepresentations and lies” about how he was handling […]
$1B OSJ drops Securities America for LPL in latest post-M&A deal exit
In LPL Financial’s fifth recruiting grab this year moving at least $1 billion in client assets, the firm added a 30-advisor enterprise from a rival’s largest independent broker-dealer. Stephen Bull and Zach Mason of Verus Capital Partners dropped Advisor Group’s Securities America to affiliate with LPL, the firms said Nov. 23. After nearly a decade […]
21 Best Mutual Funds for Investment in 2021-22
21 Best Mutual Funds for 2021 – Mutual Fund via SIP route is one of the best investment options for the novice as well as a professional investor. You can get mutual funds for every financial goal. Mutual funds give multiple benefits to the investors such as high returns, the flexibility of SIP, professional management, […]
Heartwood rebrands to Handelsbanken Wealth
Heartwood Wealth Management has migrated to its parent brand Handlesbanken and been rebranded as Handelsbanken Wealth & Asset Management. The change is to reflect, “the complementary nature and close working relationship” between Heartwood and Handelsbanken since it was acquired by Handelsbanken in 2013 Heartwood’s wealth management business will become Handelsbanken Wealth Management, while the asset […]
UBS picks ex-NFL Pro Bowler to lead athlete segment
Adewale Ogunleye, a former Pro Bowl defensive end with the Chicago Bears, has been named to lead UBS Global Wealth Management’s new Athletes & Entertainers segment, according to an announcement from the bank. Like many players and performers who become wealthy, Ogunleye initially had little experience with investments — and he stumbled into some common […]
Access Denied: Representation
The lack of Black representation in the financial services stems from two interconnected problems. Black professionals face significant hurdles once they break into the industry. And the presence of nearly 175,000 Black financial professionals displays that their widespread absence at the upper executive ranks isn’t a product of an insufficient talent pool. Featured guests: Suggestions […]
New social impact trust aims to raise £100m
Schroders is aiming to raise £100m for a new Social Impact investment trust to be floated on the London Stock Exchange. The Schroder BSC Social Impact Trust aims to be the first London-listed investment company to deliver “measurable positive social impact as well as long term capital growth and income.” It will invest in a […]