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"Do these disclosure issues and conflicts at Wells Fargo also exist at peers," one industry executive asked.
"FiNet has made very noticeable increases in support staffing to practices," said one industry source.
The $6B IBD and RIA is expanding its partnership with new long-term agreements, including access to an integrated wealth management platform.
"I wanted it to end," said former senior GPB executive on Thursday.
The independent broker-dealer welcomes six new advisors who reported a total of nearly $600M in assets under administration between them.
The two advisors, including a 26-year industry veteran, are joining the broker-dealer as their practice undergoes a values-based refresh.
'Schwab makes ton of money on its cash, and more financial advisors means more cash,' one executive says.
'A huge pull is the massive amount of money that private equity firms are offering the owners of these OSJs,' says one industry executive.
May was a particularly tough month for nontraded REITs.
The pair are launching their own multigenerational practice in Mississippi with support from LPL.
"A broker admitting that he has been ripping off clients for 17 years is beyond troubling," said one attorney.
"Having relationships with financial advisors is one of the greatest assets these senior executives possess," said one industry official.
The pitcher-turned-wealth manager is part of a $380M advisor team in Delaware that’s joining LPL from PNC Investments.
"Buying options is fraught with risk for financial advisors," one attorney noted.
Firms must take reasonable steps to avoid financial advisors' selling away, one compliance expert noted.
The firm fell short of its fiduciary duty by paying customers dismal rates compared to what’s available in the market, according to class action.
With more than 25 years’ experience, the newest addition to the broker-dealer’s employee advisor channel managed north of $250M at Ameriprise.
Award winners from wealth management's biggest evening recount their experiences and explain what helped them to victory.
The broker-dealer giant’s new managing director is starting afresh after serving at the BofA wirehouse for 35 years.
