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LPL welcomes $170M veteran advisor
BROKER DEALERS APR 15, 2024
LPL welcomes $170M veteran advisor

The broker-dealer giant’s hire in North Carolina is the latest in a string of recruiting moves at Ameriprise’s expense.

By Leo Almazora
Virtual course for financial planners enters its fifth year
PRACTICE MANAGEMENT APR 15, 2024
Virtual course for financial planners enters its fifth year

With 700 people already on the wait list, the online program to train aspiring college students and new advisors is now open for registration.

By Leo Almazora
Schwab Q1 revenue tops estimates
BROKER DEALERS APR 15, 2024
Schwab Q1 revenue tops estimates

The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.

By Bloomberg
Apex declares liftoff for new ACATS protocol
FINTECH APR 15, 2024
Apex declares liftoff for new ACATS protocol

Fintech hails landmark transaction’s potential to create ‘more efficient, flexible account transfer services’ as key deadline looms.

By Leo Almazora
Goldman posts stronger-than-expected Q1 results
BROKER DEALERS APR 15, 2024
Goldman posts stronger-than-expected Q1 results

The surprise surge was led by traders, and by bankers who cashed in on a resurgence in dealmaking.

By Bloomberg
Modern Wealth hires former Goldman leader to drive growth initiatives
INDUSTRY NEWS APR 15, 2024
Modern Wealth hires former Goldman leader to drive growth initiatives

Industry veteran Jason Del Col joins the $3 billion firm as head of advisory.

By Steve Randall
Dynasty Financial helps $550M Merrill team go independent
WIREHOUSES APR 15, 2024
Dynasty Financial helps $550M Merrill team go independent

Six advisors break away from the wirehouse to launch a firm in Alabama.

By Steve Randall
Stability, finally, at Wells Fargo Advisors?
BROKER DEALERS APR 12, 2024
Stability, finally, at Wells Fargo Advisors?

'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.

By Bruce Kelly
Biden takes another $7.4B step in fight to tame student debt
INDUSTRY NEWS APR 12, 2024
Biden takes another $7.4B step in fight to tame student debt

The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.

By Leo Almazora
Empower settles with former advisors in poaching case
RETIREMENT PLANNING APR 12, 2024
Empower settles with former advisors in poaching case

The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.

By Leo Almazora
The upcoming succession crisis
OPINION APR 12, 2024
The upcoming succession crisis

Succession concerns can be addressed by placing more focus on developing the next generation of advisors.

By David Karr
OMB draws flak on DOL fiduciary rule decision
RETIREMENT PLANNING APR 12, 2024
OMB draws flak on DOL fiduciary rule decision

Industry groups express disappointment at the Office of Management and Budget's speedy review of the controversial rule.

By Leo Almazora
UBS boosts its New York presence
BROKER DEALERS APR 12, 2024
UBS boosts its New York presence

The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.

By Leo Almazora
Five firms hit in SEC marketing rule sweep
REGULATION AND LEGISLATION APR 12, 2024
Five firms hit in SEC marketing rule sweep

The regulator’s crackdown centered on the firms' use of hypothetical performance data and led to a total of $200,000 in penalties.

By Leo Almazora
JPMorgan reports lower-than-expected net interest income in Q1
BROKER DEALERS APR 12, 2024
JPMorgan reports lower-than-expected net interest income in Q1

The bank raised its expense guidance for this year to about $91 billion.

By Bloomberg
Carson Group hires former Envestnet, LPL executives to bolster growth strategy
INDUSTRY NEWS APR 12, 2024
Carson Group hires former Envestnet, LPL executives to bolster growth strategy

Dani Fava is joining the firm as its chief strategy officer.

By Steve Randall
Choreo names new chief investment officer, bolsters senior leadership team
RIAS APR 12, 2024
Choreo names new chief investment officer, bolsters senior leadership team

A total five new leaders have been appointed at the $24.6B firm this month.

By Steve Randall
Cathie Wood's $54B ARK VC fund buys into ChatGPT owner
INDUSTRY NEWS APR 12, 2024
Cathie Wood's $54B ARK VC fund buys into ChatGPT owner

The asset manager has acquired a stake in OpenAI.

By Bloomberg
Brookfield said to be weighing private credit firm stake
INDUSTRY NEWS APR 12, 2024
Brookfield said to be weighing private credit firm stake

Asset manager is reportedly in talks with Castlelake.

By Bloomberg
RIAs’ outlook on economy lukewarm, survey shows
RIAS APR 11, 2024
RIAs’ outlook on economy lukewarm, survey shows

Inaugural study finds more than two-thirds expect at least mild growth in the stock market, while nine-tenths brace for continued volatility.

By Leo Almazora