The addition of Prudential Financial and Atria Wealth Solutions helped boost LPL’s advisor headcount to a record of nearly 29,000 by the end of last year.
Paid Diagnostic Reviews: Unlocking Profitable QBO Cleanups
Ever had a client hand you a set of books so messy you didn’t know where to start? When they come to us for help, cleanup projects often turn out to be more complex than they first appear. Without a clear process bookkeepers risk undercharging, overworking and taking on clients who aren’t a good fit. […]
In SEC’s new era, advisors and clients should rethink crypto
With Gary Gensler’s “Wild West” in the rearview mirror, a less combative approach to cryptocurrency looks likely to boost product innovation and investor adoption.
St James’s Place FUM soars £22bn to £190bn in 2024
Wealth manager St James’s Place has reported Funds Under Management soared last year to a record £190.2bn – up £22bn (2023: £168.2bn).
How RIAs Can Craft An Effective Operating Agreement That Aligns Owners’ Interests And Mitigate Risks
As a foundational document, the operating agreement is essential for RIA firms. When thoughtfully drafted, it aligns the interests of the firm’s owners, sets clear expectations for operations, and establishes how profits will be distributed. While some RIA owners might be tempted to prioritize moving quickly to the more enjoyable work of providing financial advice, […]
FCA issues six-figure transaction reports fine
The FCA has fined Infinox Capital Limited £99,200 for failing to submit 46,053 transaction reports.
FINRA warns of AI use in sophisticated scams
The industry self-regulator is also concerned about third-party vendors, anti-money-laundering policies and whether certain annuity products are in clients’ best interests.
Guarding ultrawealthy clients (and their networks) from identity theft
Ultrahigh net worth families often use extended networks of professionals and advisors — which is precisely what makes their financial data uniquely vulnerable.
New Progeny CEO as Neil Moles steps down
Financial Planner and professional services firm Progeny Group has appointed Tom Wood as chief executive to replace founder Neil Moles who is stepping back from the business.
#FASuccess Ep 422: Developing Your Leadership Skillset On The Path From Intern To President Of A $13B AUM Enterprise, With Kay Lynn Mayhue
Welcome everyone! Welcome to the 422nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Kay Lynn Mayhue. Kay Lynn is the President of Merit Financial Advisors, a hybrid advisory firm based in Alpharetta, Georgia, that oversees approximately $13 billion in assets under management for 26,000 client households. What’s unique about […]