Less than 10% of financial advisors in the U.S. are from Hispanic backgrounds, according to estimates, but what can the industry do to change the stats? It’s Hispanic Heritage Month and InvestmentNews asked Lorenzo Esparza, co-founder of Manhattan West in Los Angeles, to share his insights into the challenges and...
Advisors from two separate firms are joining forces to launch a new office for Totus Wealth Management, which has been affiliated with Cetera since 2021. The metro Atlanta office brings together Raymond Bardoul and Brian Fox with a combined $327 million in assets under administration. Bardoul was previously with MML...
The 76 million who make up the youngest American adults have values and priorities that are very much their own and advisors hoping to engage with them will need to recognize this. A new study from Edward Jones reveals that those aged 18-34 are having a tough time right now...
BMO Financial has announced some leadership changes within its Capital Markets and Investment & Corporate Banking groups. The catalyst is the retirement of long-time CEO and group head of the Capital Markets business, Dan Barclay, who will step down from the role at the end of this month but will...
“It’s much more fun to give while you are alive than to give when you are dead,” said Chuck Feeney, one of America’s most prolific philanthropists. The multi-billionaire entrepreneur who made his fortune as co-founder of the Duty Free Shoppers Group and pledged to give away all but $2 million...
Stratos Wealth Holdings has hired a new national business development manager as it seeks to grow its reach across the U.S. Gary Kuhn joins the firm from workforce solutions firm Nesco Resource but was previously with MassMutual following its acquisition of MetLife’s advisor business where he began his career in...
RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets. The additions are the latest wirehouse defections for the Canadian-owned firm, which has picked up more than $8 billion in assets in recent months from UBS alone. In Syracuse, New York,...
The burden of debt, especially during a higher-interest-rate environment, is weighing on the mental health of millions of Americans. Ahead of World Mental Health Day Tuesday, a new poll from Forbes found that 54% of respondents are always or frequently stressed because of their debt and two-thirds would consider bankruptcy...
Fifty years ago, many of today’s hottest investing preferences were the stuff of science fiction, but the fundamentals of investing were reassuringly similar. To mark 50 years in the wealth management industry Charles Schwab has been asking its clients, including some who have been with the firm since the early...
Financial advisors with Savant Wealth Management are gaining additional capabilities to provide professional 401(k) management for their clients. The RIA firm has partnered with Pontera to offer a more streamlined and scalable solution for applying investment strategies to clients’ plan retirement accounts. Savant uses Envestnet Tamarac as its portfolio management...