Dan Shaw

There's a disconnect between financial advisors and the asset managers they rely on for investment products. Reporter

Edward Mahaffy of ClientFirst Wealth, Legacy & Estate Planning avoids taking up time in quarterly meetings with his own ideas and instead listens to what clients have to say.

Not a week had passed since Vanguard Group announced its plans to buy the custodian and fintech firm Altruist when Derek Notman received a voicemail from a Charles Schwab representative.

Fee increases Charles Schwab is adopting for its in-house advisory business will keep a cheaper alternative for high net worth clients while helping to plug revenue holes.

Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.

In his 11 years at BNY Wealth, Justin Duke watched as fee increases priced out all but high net worth clients from the firm's trust and estate services.

Like many firms, Ameriprise has been pumping money into AI in recent years. But its dedication to technology goes back much further, says the firm's head of technology and service delivery.

Unlike firms that have ramped up their spending on technology in the race to have the latest AI-driven advances, Ameriprise has kept its tech budget largely steady.

RIAs' adoption of AI isn't slowing their hiring plans, although it may be changing the types of personnel they plan to bring on. Reporter

Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.