Deutsche Bank AG is testing out artificial intelligence tools that aim to detect possible signs of misconduct from the tone of traders’ phone conversations. Germany’s largest bank is examining Google Cloud’s machine learning as part of a wider exploration of uses for AI, Bernd Leukert, chief technology, data and innovation...
Americans have been on a shopping spree for properties in Scotland. US buyers now represent 4% of total transactions recorded by real estate firm Savills, up from 1% in 2019. Agents report a sustained surge in buying from Americans, particularly at the top of the market. Interest really picked up after the pound plunged last year...
Washington is sprinting to keep pace with the AI revolution. So where does that leave Wall Street? Adobe, IBM, Nvidia and a handful more technology companies signed President Joe Biden’s voluntary commitments governing artificial intelligence this week. The document requires steps such as watermarking AI-generated content and other assurances aimed at...
Jamie Hopkins, managing partner of wealth solutions at Carson Group, is stepping down for family reasons at the end of September. The $28 billion RIA, backed by Bain Capital, says it fully supports Hopkins’ decision. “We will begin a search immediately to backfill his role,” Burt White, managing partner and chief...
The September 2023 issue of the latest in financial #AdvisorTech kicks off with the news that WiserAdvisor, one of the longest-running lead generation services in the industry, has acquired IndyFin, a startup advisor rating platform that had aspired to be the “Yelp for Advisors.” On the one hand, that...
Being a financial advisor is a tremendously rewarding career and I am so grateful I found this profession as early as I did. People outside our industry think of advisors as stock pickers or investment gurus. While I suppose there are those who fancy themselves as such, what we do...
Designing an optimal retirement income plan for a client is not easy. A myriad of uncertainties and risks must be addressed, directly or indirectly, and a significant body of research exists on the topic. Annuities are products that have been widely regarded among retirement academics and economists for decades....
On New Year’s Day in 2024, there will be a new CEO at Homrich Berg. Thomas Carroll will take over at the Atlanta-based registered investment advisor, succeeding co-founder Andy Berg. Berg will stay on as chairman of the $14 billion RIA going forward, the firm announced Tuesday. Carroll told InvestmentNews the...
Two Former Wells Fargo advisors, who oversaw approximately $280 million of assets, have joined Linsco by LPL Financial, the firm announced Monday. The father-son team of Michael and Wes Climer join fellow advisors at a dedicated Linsco office on Carnegie Boulevard in Charlotte, South Carolina. Mike Climer started his career at...
Wealthtender, an independent find-an-advisor website and SEC-compliant online review platform, has announced its acquisition of AGC, an online community for financial advisors. The acquisition will be completed around Oct. 1 and will provide over 450 financial advisors with digital marketing tools and access to a community of peers. According to...