At least 80.1% of the shares in the unit, Brighthouse Financial Inc., will be distributed to MetLife investors under the plan.
Raymond James drums up interest among teachers, attorneys, real-estate agents and psychologists for potential recuits.
Investors poured $4.2 billion into the funds from June 30 through the end of August, according to Morningstar.
The yield on the bellwether 10-year Treasury note has jumped from 1.37% in early July to 1.70 Thursday.
Mark Tauzin was suspended for eight months from any Finra-registered broker-dealer, fined $20,000 and required to pay $205,000 plus interest to 14 sets of clients.
XML Financial joins roll-up firm Focus Financial.
Lawsuit argues plan wasn't diversified. Case doesn't fit prevailing litigation theme of targeting multibillion-dollar retirement plans for excessive fees.
The deal creates a global active management complex with $320 billion under management.
ClientWorks, the company's adviser dashboard, is now available to more than 11,000 advisers, up from 500 this time last year.
First post-merger mutual fund already filed.
Unless, of course, you want to beat the S&P 500 over the long term.
Industry trade group, as well as some mutual fund giants, push back against Financial Stability Board's proposal for stress tests.
Expanded distribution, consolidation and some lower fees expected.
Ironmark, which has $340 million of assets, sought scale and resources to compete for clients.
Political leaders can put themselves in a better position to understand Main Street's needs by developing stronger ties to independent financial services firms and advisers.
Plus: Claims of a better robo platform, a bright spot in a dim economic recovery, and health insurance won't be less expensive this year or next
Actionable disclosure information is central to fulfillment of fiduciary obligations and plays an important role in advancing the profession.
New Jersey man is last of three men to be sentenced in $5.6M scheme centered around iconic clock at Grand Central.
Organization that provides financial services to Christians says it would not be able to use its dispute resolution mechanism if it had to adhere to the new regulation allowing class actions.
