What wirehouses are doing to keep advisor talent; AssetMark’s new tax offering; earnings from Pershing and Morgan Stanley
Financial Planning
The leading resource of news, data and analysis for the wealth management industry.
WEALTH MANAGEMENT: With few new advisors coming into the industry but total U.S. assets growing rapidly, Morgan Stanley, Wells Fargo, Merrill and others are having to up their compensation game and distinguish themselves in other ways if they want to capture a larger share of the wealth pie.?
Take a look at what wirehouses and other big firms are doing to attract and retain advisor talent.?
TECHNOLOGY: As more registered investment advisory firms and other wealth management companies move into tax services, a financial technology provider launched new tools to meet the rising needs.
Concord, California-based turnkey asset management program and outsourced investment technology firm AssetMark opened its new "tax management services" software to the roughly 9,300 independent financial advisors using its platform on Jan. 12. That followed a pilot program and roughly 18 months in the idea and development phase, according to David McNatt, the head of investment solutions with AssetMark.?
EARNINGS: With more fourth-quarter numbers in, the earnings reports roll onward. Today we’re looking at BNY Mellon | Pershing and Morgan Stanley; check out the stories below.?
Get the latest in wealth management and financial planning news here.