company
Brokerage named as a parent of a recently FDIC-approved industrial bank.
No evidence-backed relationships are recorded.
Quad-A drew 900 people to its 25th VISION conference, sponsored by JPMorgan Wealth Management, UBS and Wells Fargo. Its chief executive relays a view that some firms now use it as their diversity summit, so part of the growth may be spending moved out of the firms.
Reality
An Edward Jones and Morning Consult poll puts fully documented succession plans at 42% of advisors. The practitioners explaining why chosen successors leave split between the price of the equity and never being told the equity exists.
Reality
Fidelity's survey found confidence rises with how much detail older clients share with their children. Just 27% have explained their plan's details to their kids, and 35% keep them posted on changes.
Reality
Digital Managed Solutions is a hybrid robo built backwards, starting from branch offices instead of an app. The test is whether small-town distribution is an asset or overhead.
Reality
The FDIC has approved industrial banks run by Ford, GM, Stellantis and Edward Jones. Now the trade group for chartered industrial banks is proposing the bar for everyone behind them.
Reality