Joel Bird had logged a quarter century at Ameriprise and its IDS predecessor. After a 25-year career as an independent broker at Ameriprise Financial, Bird had every reason to stay put and enjoy running an impressive practice that oversees $4 billion in assets and generated $14 million in annual revenue.Â
Morgan Stanley is tightening its return-to-office policy, leaving many advisors questioning whether the move serves their interests—or just the firm’s bottom line. Starting May 5, Morgan Stanley’s 15,000 wealth management employees will be required to be in the office at least four days per week, according to a memo from Jed Finn, head of wealth…
The financial advisory landscape has undergone a significant transformation over the years, with 1099 platforms playing a pivotal role in bridging the gap between traditional
Raymond James has long been a reputable player in the wealth management industry, known for its strong culture and client-centric approach. However, in recent years, a growing number of advisors have chosen to leave Raymond James in favor of supported independent platforms. This trend reflects a broader shift within the industry, as advisors seek more…
We all know that there is always some measured leap of faith and a confidence in their future that advisors must own when pivoting from what they have been used to for many years, sometimes a lifetime, to somewhere new. This is more notable when a private banker looks to switch from the security of…
The rapid growth of AI, particularly generative AI models like ChatGPT, is reshaping various sectors. ChatGPT, which achieved 100 million users within two months of its launch, is one of the fastest-growing consumer applications in history. This unprecedented adoption underscores AI’s transformative potential across industries, including financial advisory. The best way advisors can capitalize on…
Rockefeller Capital Management (RCM) has established itself as a premier financial services provider, seamlessly blending the historic success of the Rockefeller family with forward-looking, innovative strategies. Offering unparalleled access to wealth management, asset management, and investment solutions, RCM invites high-net-worth individuals and institutions to explore opportunities that are rooted in legacy and driven by cutting-edge…
Life is a constant juggling act for advisors between managing clients, a book of business, and firm needs that there often isn’t time to evaluate next generation (or succession) planning. Today, however, planning ahead is top of mind for advisors for a variety of important reasons with mounting interest in determining if being an employee…
Seventy2 Capital is a runaway success story on Wall Street; it is a tale of transformation from a modest $3 million team to a juggernaut commanding $75 million in a mere five years. But how did this remarkable metamorphosis unfold? The journey began with a bold departure from big bureaucratic banks like Merrill/Bank of America…
LOS ANGELES, March 22, 2024 /PRNewswire/ — Roger Gershman of The Gershman Group who is known to represent the who’s-who of elite advisors for both banks and independents believes LPL’s launch of its PWM platform will change the competitive playing field for the next generation of top advisors. We embrace this launch and we expect many advisors we represent will feel the…