SEPTEMBER 25, 2019

INDUSTRY

Diana Britton

Registered investment advisors added nearly 30,000 nonclerical employees in the last year, up 16% over the past five years.

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TRENDING TOPICS

INDUSTRY

Oak Hill to Take Equity Stake in Mercer Advisors

Diana Britton

Current private equity owner Genstar will still own a stake in the RIA firm.

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INDUSTRY

Rockefeller Capital Buys Wealth Firm for Silicon Valley Rich

Suzanne Woolley and Sophie Alexander

Rockefeller Capital Management has agreed to acquire Financial Clarity Inc., a Mountain View, California-based multi-family office that oversees $2.3 billion of assets.

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ADVISOR CHANNELS

Wells Fargo Outlines Disciplined Approach to Onboarding RIAs

Diana Britton

The firm said it will have transitioned a dozen teams to its fee-only channel by the end of January.

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INDUSTRY

Who's Making the Biggest Investment in Women in Wealth Management?

Megan McDonald

These firms are leading the way on gender diversity.

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PEOPLE

FINRA Loses Its Head of Enforcement

Diana Britton

Over the last two years, Susan Schroeder has been consolidating the regulator's two enforcement groups into one.

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THE WEALTHIES

Scenes From the 2019 Wealth Management Industry Awards

WealthManagement.com Staff

WealthManagement.com held its fifth-annual Wealth Management Industry Awards, known as the Wealthies, at the Ziegfeld Ballroom in New York City on Sept. 12.

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INVESTING

MUTUAL FUNDS

Passive Wins, Active Loses Under Morningstar's New Rating System

Diana Britton

Morningstar analysts ran mutual funds and ETFs through its new methodology, taking effect Oct. 31, to see the impact of the ratings enhancement.

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FIXED INCOME

Fed Makes Second Straight Rate Cut, Splits on Further Action

Craig Torres

The benchmark rate was lowered by a quarter percentage point to a range of 1.75% to 2%.

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ALTERNATIVE INVESTMENTS

Passive Frenzy's New Milestone Is to Track 500 Hedge Funds

Katia Porzecanski

Aberdeen Standard Investments and Hedge Fund Research Inc. are charting new territory by creating a fund that tracks HFR’s broad index of 500 hedge funds.

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ALTERNATIVE INVESTMENTS

Sci Fi Art Fetches Sky High Prices

WealthManagement.com Staff

Some highlights of Heritage's recent Mid-century American science fiction art auction.

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