James Couture was discharged by LPL in June 2020 and barred by Finra last October.
The six-person team is leaving J.P. Morgan Private Bank in San Francisco.
Once-a-year withdrawals from retirement plans or IRAs would have to be paid back before additional borrowing could occur.
Last year, the Department of Labor closed less than a third of the number of cases it did in 2014, but total recoveries were six times higher.
St. Petersburg, Florida-based ARS Wealth Advisors has $704 million in assets under management.
It seems counterintuitive that an adviser or team who may be riding the wave of their 'best year ever' would change jerseys or break for independence. Yet it’s happening in record numbers.
If your clients are rethinking their appetite for risk, it may be time to make changes. Talk about reallocating a portion of their savings to annuities to help safeguard their retirement years.
The agency has unveiled a new 'express interview' process to help people apply for original or replacement Social Security cards and submit necessary proof of identity in person. But it encourages the public to continue to submit applications online.
By failing to adequately explain how inflation, compounded over time, significantly reduces our spending power, we leave clients vulnerable to the false assumption that the income they have today will still be adequate in 10 or 20 years.
The State Street plan did not include the lowest-cost share classes of the Target Retirement Securities Lending series, and there were some options from third parties with stronger performance records, according to the complaint.
Opening its own broker-dealer gives the firm room to recruit advisers who don't hold RIA assets at Raymond James.
Investors are curious about crypto and meme stocks, but most advisers say that clients do not understand the volatility of these investments.
If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.
The Employee Benefits Security Administration gives the firm a green light to oversee retirement plan assets despite its 1MDB misdeeds
The total number of advisory firms with a fee-only model has risen 20% since 2019, according to an analysis of the latest data from the SEC.
The online trading app sued to overturn the state's fiduciary rule after Massachusetts accused Robinhood of manipulating customers.
The budget will assume the increase in the top capital gains tax rate to 43.4% that Biden has proposed will be effective retroactive to late April.
The bills amend the Investment Advisers Act and federal retirement law to promote sustainable investing. The document must describe the factors advisers use in making investment decisions and they must 'align with an ESG framework'
Two impending hikes that would boost premiums for existing CalPERS Long-Term Care insurance customers by 90% make coverage hard to justify, one policyholder said.
An aggregator with close to 50 deals since 2016, Mercer already had custody agreements with Schwab, TD Ameritrade, National Advisors Trust and Fidelity.
