Sources say Kestra is being valued at between $600 million and $800 million, about eight to 10 times EBITDA.
But a memorable stock ticker can give exchange-traded funds a boost.
IBD agrees to repay customers $1.9 million in addition to a $225,000 fine
He pleaded guilty to securities fraud in 2017; charged clients excessive commissions.
Arbitration claim accuses well-known adviser of actions that resulted in excessive fees.
Robo sweeping cash to banks instead of investing in low-risk bonds.
Floyd Powell received $104,000 in commissions from the transactions.
Enhanced level of accountability is necessary to weed-out bad actors that tarnish industry and harm investor confidence.
Readers are flocking to stories on tax-free munis — but why?
Buybacks are diverting cash companies should be using to make capital investments, GOP senator says.
Wealth/Stack will cover technology and investing.
It's all about convergence, and those who leverage it will reap the rewards
One claim involving an in-house stable value fund will move forward.
Tackling growing loan burdens sparks bipartisan interest on Capitol Hill.
Surprising opinions on traditional brokerages and digital financial advisers.
Advisers can help clients fight this plague at home
It's still a seller's market, but potential sellers need to make the right moves to attract buyers.
Increased trading and higher interest rates helped the firms weather volatility, Moody's says.
MassMutual will license Commonwealth's proprietary adviser software, Advisor360.
Her position indicates Regulation Best Interest and the larger rule could become final sooner rather than later, but potential litigation looms.
