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Robinhood is snapping up financial advisers. Here’s why. Robinhood plans to double the number of full-time registered reps this year after recruiting 100 advisers from other firms since 2019. April 27, 2021 4 MINS Robinhood Financial is ramping up its financial adviser recruiting activity, entering the top 20 firms among incumbents by snatching up 40 experienced and licensed advisers from competing firms year to date, according to .  The majority of Robinhood’s adviser recruits this year came from Fidelity Brokerage Services (35%) and TD Ameritrade Inc. (25%), acco...

The pandemic accelerated incumbent wealth managers' need to digitize their offerings. Transformation efforts across the front, middle, and back office can help incumbents get their services up to speed. The following is a preview of one Financial Services report, the US Wealth Management Ecosystem. You can purchase this report here. Millennials' wallets were stretched thin in 2020, with 56% of them seeing debt grow during the pandemic. And as these economic impacts took effect, social distancing and safety precautions pushed millennials and other consumers to explore digital alternatives to m...

In face of pandemic, IBDs proved resilient in 2020 Last year, the 25 largest independent broker-dealers reported $26.6 billion in revenue, an increase of 4.3% from 2019. Although financial results were far from spectacular, growth at leading IBDs last year was resilient in the face of the Covid-19 pandemic and the havoc it caused for the broader stock market. April 26, 2021 2020 was anything but a typical year for the industry, particularly for service-focused businesses like independent broker-dealers.  Covid-19 caused firms to shut down their offices and send staff home to work. Advisers b...

With Jeff 'planting trees' on Earth Day, guest host Liz Skinner steps in to chat with Bruce and guest Dennis Gallant about Bruce's annual IBD report card. This year's theme? Fees. Commission to fee-only, fee-erosion, and how thus affects wirehouses. Editor of ESG Clarity UK, Natalie Kenway, joins to share details on the brand new global ESG event coming in May.

Tuesday, May 11, 2021 | 4:15 PM Eastern Daylight Time The growing trend pre-pandemic to leverage technology for greater business efficiency has only accelerated. Legacy systems proved ill-equipped to adapt to the more virtual environment that emerged in response to Covid-19. Industry leaders and smaller practices alike no longer view advanced technology as a luxury, but rather as a clear necessity. Unfortunately prioritizing technology still doesn’t make the buying decision easy.  Join us online on May 11th to hear industry experts discuss the recent trends influencing technology buy...