News Topic: Financial Planning

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Free investment education and testing for risk tolerance are among the ways financial firms can better reach underserved consumers, former SEC chief Jay Clayton and Operation HOPE’s John Hope Bryant say. ]] ... Read full article

Peapack-Gladstone in New Jersey has more than doubled its assets under management in the last six years, taking advantage of buyouts of its smaller rivals as it aims to become less dependent on net interest income. ... Read full article

Flourish, a fund backed by Pierre and Pam Omidyar, invests in startups that address social and financial inequities yet (key caveat) are still promising moneymakers, a top official of the fund explains. ... Read full article

Working closely with her boss, Marie Chandoha, Seidlitz is on a mission to recruit and retain more female asset managers. ... Read full article

To keep pace with its peers, Morgan Stanley is ramping up its online offerings in banking and wealth management. ... Read full article

The bank is working with SpringFour and Genivity, two graduates of its mentorship program, and plans more such partnerships. ... Read full article

City National is using digital tools to smooth the transition for clients and advisers. Here’s how the bank's doing it. ... Read full article

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan. ... Read full article

The Protocol for Broker Recruiting, signed in 2004, was designed to mitigate lawsuits when advisers left to join a competitor. Recent high-profile defections have raised concerns that the accord could unravel. ... Read full article

Earlier versions of the bill would have caused bigger changes in how Americans finance home purchases, higher education and retirement. Still, the final legislation will have important effects on borrowing and saving decisions. ... Read full article

Banks are being pushed into the background of popular digital experiences. But they can reappear on interfaces that customers use daily by doubling down on financial wellness efforts. ... Read full article

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now. ... Read full article