Charles Schwab plans its own long/short SMA, CEO Rick Wurster says
Wurster gave no launch date on the Oct. 15 call; DGS Capital's Ashish Sharma expects a second-quarter 2027 rollout.
Michael Kitces: AI's main effect will be deeper client engagements
At the eMoney Advisor 2026 Summit, he argued time saved on plan preparation flows into additional client work and can support higher fees.
Prudential Wealth Advisors to centralize recruiting, targeting 2027 launch
The 3,000-advisor wealth arm says it is interviewing two leads for the unit and expects to be in market in the second half of 2027.
DeVoe: RIA deal volume down 17% as broker-dealers enter M&A
LPL, Cetera, Osaic and Raymond James compete with consolidators for the same practices, while $5 billion-plus sellers set a record, DeVoe says.
Stanford economists estimate California Prop 40 would raise $30 billion
The paper's authors say seven billionaires who left the state took $540 billion, or 30% of California's billionaire wealth, with them.