Financial advisers managing $220 million in client assets joined Raymond James from UBS Financial Services.
Broker-dealer says the additions are part of a continued expansion of their presence in the North and Northwest.
Raymond James clients will have opportunity to invest in private-equity and hedge funds
Asset manager takes 36% stake and its ETF models will be made available through the digital platform, which has changed its name.
Broker-dealer's stock is up more than 30% since reports surfaced that it was considering a sale.
Mr. Bruton, who resigned suddenly from LPL Financial in April 2014, joined Oppenheimer sometime this month.
Two sets of benefits exist for ex-spouses depending on their birth dates.
Marriage has been holding steady for the past several years, but weddings are still half as common as they were in the 1970s and early 1980s.
Plus: The Fed hints yet again, Wunderlich Securities brings in $500M, and Credit Suisse shutters leveraged/inverse oil ETNs
Each of the underlying duties of the fiduciary rule's best-interest standard — loyalty, care and individualization — require advisers to take specific actions.
Some advisers rely on the Affordable Care Act to insure themselves and employees, and now fear that it could be repealed or substantially changed.
DOL questioned at length during challenge brought by SIFMA, FSI, Chamber of Commerce and others.
Company said to be exploring strategic alternatives and is working with Goldman Sachs, Reuters reported. (Related read: <a href=""" target="”blank"" rel="noopener noreferrer">LPL Financial's problems keep piling up</a>)
FAFSAs for the 2017-18 school year are out three months earlier this year, and now allow reporting prior-prior year income data, or 2015.
Some 42% of parents said they're losing sleep worrying about future college costs, and 63% feel guilty that they won't be able to pay more.
The Department of Labor's rule exempting state-based auto IRA plans from ERISA could be in jeopardy under the new Republican administration. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>
Advocates of federal direct loans are worried that privatization could mean the end of student loans as a broad entitlement.
The advisory world is moving toward a fiduciary standard with or without the DOL rule, financial technology firms contend.
