"Customers should use regulated industries to their advantage and hire career specialists in each area of their lives," said one industry executive.
"The appetite by financial advisors for private equity funds is super high right now," says one industry executive.
United Planners' Financial Services of America failed to supervise its salesman, according to Arizona.
The moves boost the authority of Tim Hodge and Dimple Shah in Osaic's management structure.
Why is this firm losing senior female executives, questions industry source.
"Highly leveraged wealth managers face the greatest competitive risk from an increase in rates paid to clients," according to Moody's.
"We're seeing more instances of clients being switched out of annuities," says one plaintiff's attorney.
Giant firms may be shunning public markets – but they are exploring other sources of capital, including going private or selling minority stakes to emerging sovereign wealth funds.
"If they do something quickly to stabilize the firm they should be fine," one industry executive said about B. Riley Financial.
"I think we’re gearing up to really grow very aggressively in the coming 15 months," says CEO Peter Mallouk.
