Financial Advisor IQ

12/12/2023

Veteran investor predicts that the wealth management industry will see the rise of not-so-polite mega-firms biting the hands that feed them, among other unsavory trends. https://ow.ly/Pmhu50QhXGl

11/07/2023

Merrill Lynch has agreed to pay penalties totaling $12M for self-reported failures in its anti-money-laundering operations. https://ow.ly/UjMj50P8SeL

18/05/2023

SEC chair Gary Gensler acknowledged the challenge firms face when maintaining compliance for digital communications channels and urged them to implement guardrails. http://ow.ly/8nbf50OqZIs

18/05/2023

Industry firms should expect more sweeps from the SEC, but investigations associated with those sweeps will be quicker, according to Gurbir Grewal, director of the SEC’s Division of Enforcement. http://ow.ly/KeVj50OqZrp

10/05/2023

Compensation for the median worker varied from a 14.2% bump to a 9.7% decline. http://ow.ly/90nn50Okpse

18/10/2022

BNY Mellon CEO Robin Vince says the future of digital assets goes far beyond crypto for the bank and its Pershing custody unit. http://ow.ly/uFb950LemqM

29/09/2022

We are proud to announce the third annual Financial Advisor IQ Service Awards. Congratulations to the winners! http://ow.ly/br2M50KWScH

28/09/2022

Bank of America, Morgan Stanley and UBS are among several firms together ordered to pay about $1.8B over failures related to preserving their employees’ electronic communications. http://ow.ly/Okjp50KVIH3

10/08/2022

More financial advisors are turning to social media as a means of communicating with their clients, and LinkedIn tops their list, according to a report about the investment advisor industry. http://ow.ly/spNw50KgZtw

27/07/2022

FAs Weigh In: It’s All About Efficiency http://ow.ly/Erbw50K5HvN

“As the pandemic tapers, innovation efforts continue to make certain our team members are thriving at work,” according to Coastal Bridge Advisors’ Jim Pratt-Heaney.

27/07/2022

UBS advisors are making up for dwindling ranks with increased productivity, according to CEO Ralph Hamers. http://ow.ly/U24n50K5HnU