The insurer has settled with the Department of Labor; the policies in question were part of employer-sponsored insurance where workers had opted for supplemental coverage.
But the wealth management unit was clearly a bright spot for the firm in the first quarter, with Morgan Stanley's overall earnings falling 19% from the year-earlier period.
Willard Causey and two staffers operate as Causey Financial Group in Durham, North Carolina.
The decline in both stocks and bonds in 2022, combined with the spike in inflation, caused 70% of respondents to say they are worried 'a great deal' about the economy.
Disclosure and operating issues impacted more than 25,000 client accounts and resulted in $4 million of potential tax benefits lost, according to the SEC.
William Galvin and Joseph Borg find and respond to violations at the ground level, where their constituents are harmed.
Lawmakers talk about reducing the federal budget, but entitlements are off the table. 'It's not mathematically honest,' Jeff Bush said.
The asset and wealth management group reported $3.2 billion in quarterly revenue, a 24% increase from the first quarter of 2022.
Rockville, Maryland-based Grove Point has $15 billion in assets and roughly 400 advisors; it was known as H. Beck before Kestra acquired it in 2017.
Michigan-based CG Advisor Network, which had custodied with TD Ameritrade, will now use LPL as its primary custodian and broker-dealer.
Westlake Village, California-based Silverberg Wealth Management is joining NWF Advisory Group, which is affiliated with Royal Alliance.
Bank of America's wealth management business, which includes Merrill, saw a 3% year-over-year decline in revenue in Q1, as lower equity and fixed-income valuations hit asset management fees.
'This is the definition of a soft landing,' Varghese said about recent employment statistics in remarks at the InvestmentNews Retirement Income Summit.
Those crafting financial plans for first-time homebuyers should temper client expectations and help keep the purchase in perspective.
The California auto-IRA program is not only the biggest in the country, but its arrival correlated with a pick-up in new 401(k) plans in the state.
Now's a good time to take the tax hit on transfers out of an individual retirement account because rates are low.
YorkBridge, Beacon Pointe's largest acquisition so far in 2023, was founded in 2016 by Carrie Gallaway and Andrew Stern.
A Morningstar report shows most clients want to feel connected to their advisor beyond just their investment account.
Miss your seven-month initial enrollment period and you may face lifelong enrollment penalties and delayed coverage.
The agreement between Advisor Group and CAIS on sales of alternative investments, and the revenue such sales would generate, is the crux of the matter.
