From WealthManagement.com
1 visitor like this article | Viewed 3999 times | 0 comment
Summary: Financial technology is booming.CB Insights reported that global investment in fintech companies grew from $4 billion in 2013 to $12 billion in 2014. The majority of that money is coming from traditional banks and insurance companies, but the two biggest fintech spenders are actually the investment arms of Google and Intel.
From InvestmentNews
1 visitor like this article | Viewed 4653 times | 0 comment
Summary: As she nears 100, Irene Bergman has some advice for enjoying a long career on Wall Street: Don't do anything stupid.
From On Wall Street
1 visitor like this article | Viewed 4581 times | 0 comment
Summary: There are many reasons why financial advisors leave big firms such as Merrill Lynch or Wells Fargo and go independent. Two veteran industry recruiters – Howard Diamond, managing director and general counsel of Diamond Consultants of Chester, N.J., and Mark Elzweig, president of Mark Elzweig Co. of New York – discussed some of the top reasons advisors venture forth on their own.
From InvestmentNews
1 visitor like this article | Viewed 5444 times | 0 comment
Summary: Market appreciation alone doesn't explain the continuing growth of the RIA channel. Overall, there was a 21% increase in the total assets under management of all included firms in the InvestmentNews RIA Data Center, from $1.1 trillion at the same time in 2014 to $1.3 trillion this year. Ten states in particular saw asset growth of over 40% — Massachusetts, Texas, Maryland, Virginia, Missouri, Tennessee, New Hampshire, Utah, Nevada and South Dakota — while no others saw growth of over 30%.
From Think Advisor
1 visitor like this article | Viewed 3907 times | 0 comment
Summary: While compliance officers are more confident in their firms’ use of new communications channels for business, including social media, they’re concerned about the retention and production of text messages, with most firms that allow their employees to conduct business via texts stating they have "minimal to no" confidence in their ability to produce such messages during a regulatory exam, according to a survey released Friday by Smarsh.
