Charges by Massachusetts' top regulator relate to the former top-producing adviser Roger Zullo, who allegedly committed fraud in selling variable annuities to retirees.
RIA-industry veteran will replace Roger Ochs at the $37B wealth management firm
The plaintiff's bar is licking its chops, looking for a new class to represent
The firm also addressed the recent departures of groups managing about $2 billion in brokerage assets — including star adviser Ron Carson — on its earnings call.
Addition of Laura Nagle's practice will bring total AUM to $510 million
Tech provider teams with The Retirement Advisor University for curriculum
Private equity firm adds Maine-based compliance and distribution consultants
House Republicans introduce bills to block Labor Department rules promoting creation of retirement plans for private-sector employees.
Familiar financial giants are doing well attracting investor assets on digital platforms
In an 81-page ruling, Chief Judge Barbara M.G. Lynn of the Northern District of Texas, shot down each of the major arguments submitted by industry trade groups. <b>Plus: <a href="//www.investmentnews.com/article/20170208/FREE/170209909/justice-department-seeks-stay-in-dol-fiduciary-rule-lawsuit"" target=""_blank"" rel="noopener noreferrer">Justice Dept. seeks stay in DOL rule lawsuit</a>)</i></b>
Advisers will need to be able to demonstrate they are recommending low-fee and high-performance products.
Resources Investment Advisors also has affiliate retirement-focused advisory firms with $6 billion in assets, but it's uncertain whether they will follow suit and depart LPL.
Carson ends a 28-year relationship by moving his firm from LPL to Cetera.
A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable
After a tough first month on the job, Dan Arnold will need to be in "damage control mode" as he faces analysts and investors for the first time, according to an industry recruiter.
Study finds worker happiness declines, stress increases after first-year honeymoon
Brian Ourand admitted taking $250,000 from the former heavyweight champion and $500,000 from former NBA star Glen Rice and at least two other pro athletes.
Buyers may find that the path to acquiring the scale they want is much more achievable than they thought.
Putting fresh money to work in today's market can be particularly worrisome, with the S&P 500 currently selling for 21 times its past 12 months' earnings.
Almost half of advisers haven't slowed their compliance plans despite talk of delays
