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There is no evidence that hiring more employees will boost business growth, according to Michael Kitces, chief financial planning ‘nerd’ at Kitces.com.

The big asset manager’s acquisition of O’Shaughnessy Asset Management is the latest in a string of similar deals by Wall Street.

Personal recommendations are often the best way to sort the wheat from the chaff. So, what podcasts do those already working in the industry recommend to aspiring financial advisers?

Schwab’s $200 million charge points toward conflicts with cash spreads Cash spreads are certainly nothing new, but with almost $64 billion in assets, Schwab is likely the largest robo-adviser to hold significant chunks of client assets in cash. July 21, 2021 4 MINS They say there’s no such thing as a free lunch, but Charles Schwab & Co. could have customers believing otherwise.  The discount brokerage’s Intelligent Portfolios platform has long advertised itself as having no advisory fees or commissions, but a $200 million charge announced this month relating to an...

June 17 Betterment already partners with the other companies in the RIA Tech Suite and noticed a significant amount of shared customers, says Jon Mauney, general manager of Betterment for Advisors, when asked why it selected these three out of the entire market of wealthtech providers. “The four companies involved represent a fairly complete solution for what an advisor needs to run their practice,” Mauney says. “Especially for new RIAs that are looking for a tech stack.” The package is similar to what advisors can find at the XY Planning Network, says XYPN co-founder and Financial P...