Morgan Stanley’s UMA Program to Offer Fractional Shares
The firm is currently testing the capability before rolling it out to all clients on the program.
August 12, 2022
Connect with Clients' Hearts, Not Just Their Wallets
When unhappy circumstances arise, step away from numbers and help clients find what brings them joy, the founder of Mission Wealth suggests.
Clients Unaware that B-D Moved $54M of Securities: SEC
Alpine Securities allegedly deemed accounts worthless and closed them without notifying customers and moved tens of millions of dollars worth of clients’ securities.
Worst H1 Outflows for Vanguard Active Funds
Vanguard had $54.3 billion pulled from its active mutual funds during the first six months of the year.
Protecting Clients from Scams with Curiosity and Empathy
Scammers have capitalized on clients' vulnerability and loneliness, especially since the pandemic started, according to RBC Wealth Management's Tara Ambrose.
FAs Weigh In: How FAs Use Muni Bonds
“Of late, there has been a historic sell-off in munis and the opportunity there may prove even greater in the future,” according to Coastal Bridge Advisors’ Jim Pratt-Heaney.