Wealth Management industry news covering the financial markets, trends and wealth professionals.
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The fee structure of the investment management industry—a percentage of assets under management—has been around for so long, and is so ubiquitous, that it almost goes unnoticed. Arguments can be made over whether the percentage is too...
For several years, the financial services industry has looked for the benefits of marketing mediums that seem to resonate so strongly in the consumer space. But marketing executives at major financial services firms still struggle to...
Copyright Andrew Burton, Getty Images
The Financial Services Institute, the member association for independent financial advisors and independent broker/dealers, represents about 167,000 independent advisors and 100 IBDs nationwide. A new FSI st...
(Bloomberg Gadfly) -- The profession of providing tender loving care to the wealth of the world's rich people is heading for its annus horribilis. Private bankers in Asia could deal with 2017 -- and the headaches the year will bring -- by...
(Bloomberg) -- Henderson Group Plc agreed to buy Janus Capital Group Inc., creating a $320 billion money manager as both companies seek to boost profit and assets in the face of rising competition from passive managers. Henderson’s...
(Bloomberg) -- Nirmal P. “Narv” Narvekar overhauled Columbia University’s endowment in the past 14 years, building a team that delivered top notch returns and minimized losses during volatile times. Now, he’s tasked...
(Bloomberg) -- Khemaridh Hy, late of Wall Street, starts at 5:15 a.m. with a Snapchat selfie and a caption that says, “Time for daily practice. Be present in the now!” After 20 minutes of meditation, he heads for the elevator and...