Andrew Welsch is a former managing editor of Financial Planning.
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Wells Fargo plans to pilot a digital advice platform in early 2017, according to a high-ranking executive at the wirehouse.
July 19 -
Mary Mack will step down as head of Wells Fargo Advisors in order to take on a bigger role in overseeing the company's Community Banking unit. Mack is replacing Carrie Tolstedt, who is retiring after 27 years at the San Francisco-based company.
July 12 -
The bank is rolling out a new digital advice offering that pairs robo technology with financial advisers, most of whom have the CFP designation.
June 17 -
UBS is partnering with the technology developer SigFig to launch a robo platform for its 7,000 advisers, making this one of the most high-profile deals of its kind between a wealth management firm and a tech startup.
May 16 -
Wealth management units have been a surefire source of fees for banks over the last few years, as low rates dragged down spread income. But a policy change will likely be a crucial test to the business model.
April 6 -
The Canadian bank's U.S. wealth management arm is moving toward a hybrid digital-human advice platform, partnering with BlackRock's FutureAdvisor to add robo tools for its 1,900 advisers.
By Suleman DinFebruary 3 -
CEO James Gorman says the firm can achieve higher profit margins for the wealth management unit through greater expense discipline, additional growth of its lending business and unspecified digital opportunities.
January 20