Articles tagged "McKinsey"
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With McKinsey helping to up its 'efficiency,' Vanguard Group does eye-opening client acquisition deal with American Express that layers a big fee onto financial planning offering that the two firms roughly split
The New York card company will charge 50 basis points for Vanguard advice then share half that revenue with Vanguard.
April 13, 2022 at 1:50 AM
McKinsey's $31-billion RIA for McKinsey staffers pays $18 million fine, a real 'slap on the wrist' considering 'repeated violations' related to having zero recusal process for insiders in its compliance plan, a lawyer says
Federal regulators allowed McKinsey to settle without admitting insider trading violations for its in-house RIA but censured the firm and ordered it to 'cease and desist' from future violations.
December 21, 2021 at 11:54 PM
COVID-19 may quickly expose that McKinsey's 2030 vision report ill-advisedly reprises Mark Hurley's 1999 logic about classic RIAs as easy marks for 'enterprises'
The New York-based consultant sees bigger, more digital companies (Wall Street 2.0 in other words) dominating -- a de facto logical black hole that desk-bound consultants gravitate to.
April 7, 2020 at 8:01 PM
Betterment rolls out free baseline human advice to all customers with a smartphone and no RIA and cuts price on premium advice offer
The New York-based robo-advisor will use CFPs to answer advice-related questions over a dedicated chat app as part of the 25 basis points paid for asset management
July 26, 2017 at 1:01 PM
McKinsey: Robo-advisors have a cloudy future but 'virtual advice' delivered by 24-hour super-centers with experts and algorithms will win the day
Using ChinaTrust’s 'Air Financial Advisor' and Itau’s 'Personalite' service, Schwab -- even E*TRADE -- as examples, the global consultant says the future will splinter 'digital' and 'automated'
June 2, 2015 at 11:58 PM
Envestnet and Chip Roame forge stronger tie
The large outsourcer has installed the high-profile consultant on its board of directors
August 16, 2011 at 3:05 AM
Industry consultants grow practices by taking on deadline projects
Industry stars like Inveen, Roame, McGinness and Welsh are increasing revenues by shifting gears
