Meanwhile, over the past decade, the top 25 firms have essentially doubled the amount of revenue they generate.
The Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry.
The Transamerica study shows 95% of workers value health insurance as an important benefit, but only 63% of employers offer it to their employees.
The SEC's current definition of small advisors is 'antiquated,' which means the agency's regulations are not properly calibrated for such firms, the Investment Adviser Association said.
The firm allegedly failed to supervise Joseph Crespi, whose trading activity prompted 135 internal alerts over 12 months, according to the office of Massachusetts Secretary of the Commonwealth William Galvin.
Meanwhile, any recent recruiting deals First Republic had struck with advisors will remain in place now that the bank has been acquired by JPMorgan Chase.
Connecticut-based H&H is led by president Richard S. Sych and has 68 employees.
Naratil will become the firm's chief financial officer and lead the division that will oversee the Credit Suisse merger, a Swiss newspaper reports.
JPMorgan and the FDIC, which orchestrated the sale, agreed to share the burden of losses, as well as any recoveries, on the firm's single-family and commercial loans.
With cheerleaders on the left and critics on the right, the chair of the Securities and Exchange Commission stays focused on what matters.
The giant firms face an approaching winter as they become less prominent in the overall advisory business.
The SEC chair says the views of Republican commissioners can influence rules, even if unanimous support can't be achieved.
The bidding process could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month.
Improving the digital experience for advisors and clients was a significant theme; Envestnet also announced a partnership with Empower to give advisors easy access to retirement plans.
LPL's advisor head count totaled 21,521 at the end of Q1, an increase of 246 advisors from the previous quarter and up 1,430 year over year.
The last time the EBRI survey showed a decline in confidence of this magnitude was in 2008, during the global financial crisis.
Chicago-based Burnham Harbor Private Wealth has four advisors.
The measure the House passed would require broad spending cuts in return for raising the nation's debt limit, and Biden says he won't entertain strings-attached bargaining to raise the limit.
Although its efforts to meld its businesses met with some opposition, the company's revamped platform will provide great returns for users and investors, Bill Crager says.
Rep. Maxine Waters, D-Calif., said she's worried that seniors who aren't tech savvy may not be able to opt out and receive paper disclosures.
