Happy Friday, readers! This weekend’s mailing focuses on practice management. We discover that many asset managers and broker/dealers do not trust compliance programs. Sponsors are looking for more services from their third-party administrators. You may be surprised to learn that only 19% of financial advisers are women, which is why some firms are proactively looking to hire more women. Some advisory practices are centralizing the investment management function and finding that it leads to better performance and lessened risk of litigation.
Retirement plan advisers work closely with recordkeepers and third-party administrators, and as in the recordkeeping market, there are significant and persistent pressures reshaping the TPA landscape.
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The principal of financial adviser inclusion and diversity at Edward Jones reflects on her job leading the advisory company’s revamped diversity efforts—informed by her own first career as an adviser in the field.
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Charlie Cote, head of Retirement Link Sales at J.P. Morgan Asset Management, reflects on two decades of working with defined contribution retirement plan investors.
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