Key features of the test include the ability to see how a retirement plan would perform through real historical scenarios such as the Great Depression, 1970s stagflation, the dot-com bubble and the global financial crisis.
Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.
The American Council of Life Insurers included questions in the poll that it says show a DOL fiduciary rule would hinder access to retirement advice.
Bruce Pienton and Scott O’Mara launch Bridgewright Wealth Partners in Grand Rapids, Michigan.
Jacksonville-based Aegis Consulting includes principals Michael Cirino and Alexander Harrison, along with 11 advisors.
The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.
Andy Saperstein, Ted Pick and Dan Simkowitz are thought to be executives in the running to succeed James Gorman, who says he will step down in the next 12 months.
"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.
Fidelity's latest report shows more deals involving smaller firms and structures that put buyers in the driver's seat.
Jersey City, New Jersey-based Crescent Harbor Private Wealth was founded by John Araneo.
San Jose-based O’Connor & Associates has $875 million in client assets; Garden City-based Cuneo Denihan & Associates has almost $1 billion in assets.
Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, will assume the role of executive chairman after exiting as chief executive.
Here are the firms that took in the most annuity revenue last year, as market volatility propelled record annuity sales.
Joe Keefe, who has led the group and its precursor since 2005, will be replaced by Ed Farrington, the group's head of distribution.
It's time for the financial services industry to rethink its rules when it comes to offsetting fees.
More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.
'We do it in a way where they're virtually unreadable,' Eric Noll, CEO of Context Capital Partners, said of disclosures at the Finra annual meeting.
It's in the best interest of Cetera's owner, Genstar Capital, to make the broker-dealer network look as much like a registered investment advisor as possible.
Advisors shrug off Washington's noisy political spat as more of the same, anticipating a dramatic last-minute deal to increase the debt limit.
One in five Gen Z respondents report having no money in savings, demonstrating a severe misalignment between their plans to retire young and the reality of their financial situation.
