The agency says the RIA unit, which breached fiduciary duty over compensation from an affiliate, consented to a cease-and-desist order and a censure.
Securian will serve as the pooled plan provider and ERISA 3(16) fiduciary, while Strategic Retirement will provide ERISA 3(38) investment management and consulting services.
Alerus serves as the designated 3(16) plan administrator and T. Rowe Price serves as record keeper.
The three advisers, based in Spokane, Washington, will operate as Panorama Wealth Management of Raymond James.
Randall Pickett joins LPL’s employee channel. The Pickett Group of LPL Financial will be the second team to join the Linsco office in Dallas.
The deal for Emerson Wealth, which is based in Bloomfield Hills, gives Mariner its second office in the Detroit area.
BNY Mellon says most investors, particularly Gen X and millennials, want their adviser to understand their values.
The program offers independent branch owners turnkey administrative support from experienced branch associates.
The summer’s generally overcast economic and market climate probably presents the greatest challenge for many advisers and their clients.
Bruce Kelly sorts through the complicated pairing of crypto and 401(k)s with InvestmentNews' very own Mark Schoeff Jr. and Jennifer Gibbs Swets, partner and retirement plan consultant at DWC – The 401(k) Experts.
