Financial advisors view the market correction as a normal course of events and a good buying opportunity. “Market volatility is my best friend,” one advisor said. “This is an opportunity to show clients why they pay us a fee, to navigate difficult times with a rock steady approach.”
Megan Hausmann, Senior Director - Advisory Success at Apex Fintech Solutions, emphasizes the need for advisors to adapt their technology to meet the needs of the next generation of investors amidst a significant wealth transfer.
The commission’s enforcement division first contacted the wirehouse in April regarding “advisory cash balances swept to affiliate bank deposit programs.”
A new all-in-one tech stack includes components of Wealthscape, eMoney, and Advyzon, while an advisory bundle includes Wealthscape, eMoney and FMAX Essentials, a slimmed down version of FMAX.
Glenn Frank alleges that the leaders of his firm told him he would “be removed from his clients’ service teams” immediately if he didn’t take a subordinate role to younger advisors, according to the suit.
Alberto Francis is leaving Bank of America Private Bank to form Rockview Private Wealth through LPL’s high-net-worth-focused employee affiliation model.
Don Bennyhoff, who was at Vanguard for nearly 23 years, hopes to differentiate his new firm by helping RIAs demonstrate their value beyond investment management.
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