Rob Foregger, who led the establishment of the fintech firm in 2013, left his day-to-day responsibilities at the company in May, but is still a shareholder and adviser.
Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
Wealth management firms in New Orleans remained mostly closed as power is being restored to parts of the city in the wake of Hurricane Ida. Areas in the Northeast were also severely impacted.
The former lieutenant governor of Maryland has been one of the driving forces in that state's forthcoming auto IRA program.
The average account balance was more than $348,000, up from nearly $287,000 a year prior, according to a new study. Brokerage accounts are favored by investors who want to be more active in managing their retirement assets.
Despite the difficulty of the conversation, clients are most often receptive to planning for health problems later in life, including diminished mental capacity.
Two clients complained to LPL about annuity contracts that differed from the ones they agreed to purchase, according to the regulator.
Being on video caused workers to become disengaged and participate less than if they spent the meeting off-camera, a recent study found.
Only about a third of U.S. savers are even aware that they pay fees on their retirement plans, a new report from the GAO found.
The company recently announced partnerships with Stadion and vWise for its Goals Optimization Engine.
