The megabank’s Personal Financial Management transaction helped drive some record metrics in 2023 for its wealth and fund segment.
Archives for 2024
Designing “Custom GPTs” With Advanced ChatGPT Features To Enhance Advisor Capabilities With AI
In late 2022, OpenAI launched ChatGPT, an Artificial Intelligence (AI) driven, natural-language processing tool that offered the public the ability to conduct seemingly human conversations with a chatbot and generate a seemingly endless array of sophisticated content, including essays, emails, computer code, meal plans, fictional stories, and song lyrics, to name just a few. ChatGPT’s […]
1 in 2 to work longer due to lack of retirement income
Half of workers in the UK (49%) plan to work beyond State Pension age, with the average person now expecting to push back retirement to 72. This is two years older than in 2022, according to a report from Canada Life. Over half (52%) of those over the age of 55 said they planned to […]
Meta CEO Mark Zuckerberg to be deposed in Texas facial recognition case
Meta CEO Mark Zuckerberg must take part in a deposition as part of an ongoing lawsuit in Texas involving the company’s facial recognition technology
Former IA CEO to chair new FCA ESG adviser group
The FCA has named former Investment Association CEO Daniel Godfrey as chair of its new sustainable finance adviser group. Julia Dreblow, founding director of SRI Services, has been appointed vice-chair. The new working group has been tasked with helping to build, “capability in sustainable finance across the financial advice sector.“ The Personal Investment Management & Financial […]
Framework email customers for data breach from accounting partner getting phished – GamingOnLinux
Framework email customers for data breach from accounting partner getting phished GamingOnLinux
#FA Success Ep 368: Getting Real Social Media Marketing Results By Focusing On Your (Ideal) Client’s Desire To Learn, With Thomas Kopelman
Welcome back to the 368th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Thomas Kopelman. Thomas is the co-founder of AllStreet Wealth, a financial planning firm for millennial business owners and those with equity comp based in Indianapolis, IN, that has quickly grown to more than $500,000 of run-rate revenue […]
Sending (Private) Client Newsletters: How Advisors Can Do It Effectively To Reinforce Value
For financial advisors, an ongoing client service model often means finding ways to keep clients engaged and progressing toward their goals outside of the 1 or 2 typical client review meetings each year. For clients, more frequent communication can be a source of behavioral coaching and helpful information that can better equip them to stay […]
Wells Fargo wealth profits drop by 31%, even as overall earnings rise
As a whole, the megabank saw its net income rise by 9% in 2023’s final quarter. But its wealth management unit was another story.
Merrill adds client, high net worth relationships without swelling advisor ranks
The firm’s wealth management co-head said that recent changes to its pay grid have been favorably received.