The firm employs just short of 70,000 people in 50 countries and had 80% of its worldwide staff at home during the height of the pandemic
"The stillness of the time produced by the pandemic quarantine has put age-old issues in the spotlight,” writes Visionary Leader Awards judge Dasarte Yarnway.
Tax pros share what they’re telling clients about relief for the jobless during the pandemic.
In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.
The judges sought innovations that would make a lasting impact on the business of financial advice. We found them.
While determined to capitalize on the distortions created by the coronavirus, the bank says the offering won’t “act as vulture investors.”
With her innovative, rapid-fire leadership, the recipient of this year’s individual award is giving nearly 2,000 aspiring planners unprecedented entree into a profession sorely in need of them
Granular sensitivity and remarkable speed characterized the overnight virtualization of the firm.
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Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know
July 10
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Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.
July 9
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The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.
July 9
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The funds helped the firms offset diminished revenue and preserve jobs, executives say.
July 8
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Almost half of employers are already opening up their offices again — but some challenges lie ahead.
July 7
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Jacob Gottlieb, whose $8 billion fund shuttered amid an insider trading scandal two years ago, received a $150,000 to $350,000 loan for his new shop.
July 7
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Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.
July 6
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Those who don’t pay them back could lose up to 45% of their potential savings.
July 1
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The manager is still recovering from losses that started in 2015, when his main fund fell 20%, and deepened with a record 34% decline three years later.
July 1
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The central bank is now the third largest holder of the $54 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
July 1
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Wealth management firms should define success by how well their operations perform under pressure, Kestra Financial COO Kris Chester says in an episode of Financial Planning’s podcast.
June 30
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The industry outranked asset classes including private equity and venture capital, which have historically ranked higher in a Credit Suisse survey.
June 30
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The number of pending sales dropped annually in 17 of the top 35 metro areas, data show.
June 30
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Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.
June 29
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As much as $16 trillion of global wealth may be wiped away this year as a result of volatility and economic fallout from the pandemic.
June 25
