Financial Advisor Blog - Page 62 - Financial Advisor Transitions

CFP Exam Achieves Highest Pass Rate in 8 Years

August 17th, 2023

In July, the CFP Certification Exam was taken by 2,926 candidates, and nearly seven in ten of them passed.

Edward Jones Collaborates with Citi to Offer Checking and Savings Accounts

August 16th, 2023

Edward Jones & Co. has teamed up with Citigroup to provide banking services to approximately 8 million customers.

Private Equity Firms Offer Discounts and Incentives to Investors

August 15th, 2023

Private equity firms are intensifying competition for investors by initiating fee discounts and presenting additional incentives.

Edward Jones' Headcount Rebounds Strongly

August 14th, 2023

Edward Jones & Co. has rehired 46 of its alums in the past 18 months, demonstrating the success of its efforts to enhance advisor support and flexi...

Merrill Elevates Requirements in Overhaul of Accelerated Growth Program

August 11th, 2023

This week, Merrill Lynch made the eligibility requirements for early-career advisors stricter in its Accelerated Growth Program (AGP), which has be...

Fee-Only Advisors Propel Surge Toward Low-Cost Funds

August 10th, 2023

Morningstar reports that investors managed to save approximately $9.8 billion in fees for open-end mutual funds and exchange-traded funds (ETFs) du...

Bonuses Increase or Decrease Depending Upon Position

August 9th, 2023

Experts predict that merger advisors' bonuses will decrease this year due to the stagnant nature of the business. On the other hand, asset-manageme...

Is the Era of AUM Fees Fading Away?

August 8th, 2023

Advisors have traditionally found it straightforward to advocate for fees tied to clients' portfolio sizes, using the rationale that asset-based fe...

Wall Street Giants Anticipate $8.9 Billion Hit From Bank Failures

August 7th, 2023

The largest US banks anticipate contributing nearly $8.9 billion to restore the US government's fundamental Deposit Insurance Fund.

Regional Banking Crisis Prompts Ameriprise to Abandon Bank Conversion Plans

August 3rd, 2023

Ameriprise has announced the withdrawal of its 2021 application to shift its growing bank from the supervision of the Office of the Comptroller of ...