AI Recommendations Can Still Fall Under Reg BI, FINRA Exec Warns
A senior director with FINRA told attendees at its annual conference AI-generated customer recommendations can still fall under the SEC's Reg BI rule.
Source: wealthmanagement.com
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JPM targets 1,300 advisor hires in bid to break $1tn in wealth assets
The bank plans to add advisors across its wealth management units, with most new hires concentrated in its JP Morgan Advisors and Chase Wealth Management businesses.
Source: citywireamericas.com
In-house execs, recruiters handling firms' financial advisor hiring
Samantha Lee/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The recruitment process for financial advisors leaving one firm to join another went fully digital this year, but there were still lots of big-ticket moves across the industry. UBS hired a team overseeing $9 billion from JPMorgan's private bank, JPMorgan poached teams for its reorganized wealth business, and Wells Fargo in June had its best recruiting month in a decade, by revenue. Technology introduced...
Source: businessinsider.com