Daniel Lee had been affiliated with First Republic since 2013 and was credited with bringing in $7 billion in assets.
State pension professionals argued against it, saying the legislation would limit investment considerations.
'It's sort of like the nicest house on an ugly block, which, relatively speaking, is the best place to be,' said one advisor.
The Wisconsin-based firm with $220 million in client assets had been with Associated Investment Services; it will join Commonwealth via an affiliated firm, Integrated Equity Management.
The firm, with offices in Spokane and Seattle, Washington, oversees $1 billion in assets.
President Joe Biden has invited congressional leaders for a May 9 meeting after Treasury Secretary Janet Yellen suggested the US might exhaust its options to fund itself as early as June 1.
The father-son duo of Jeffrey and Justin Katz are joining LPL’s employee channel and will operate as Katz Wealth Advisors of LPL Financial.
What better time to work with your clients on positioning their portfolios for a better after-tax outcome than when paying taxes is fresh on their mind?
Women are underrepresented in the advice industry, but at some independent broker-dealers, they make up a significant portion of the producing reps.
The 'anti-woke' crowd found a boogeyman in Anheuser-Busch just as it has with ESG broadly.
One of the nation’s largest banks experienced a series of governance lapses that resulted in the mismanagement of interest-rate risk.
History is on the side of sitting on the sidelines from May through October, but advisors say investing is not that simple.
The award is another loss for the firm in a case involving a Ponzi scheme that was run from an Oppenheimer branch office in Atlanta by former broker John J. Woods.
Envestnet reported revenue of $298.71 million for the first quarter, down 7.1% from the same period last year.
AmeriFlex Premier+ will allow advisory firm clients to look at possible future outcomes that could result from their planning decisions.
48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years, according to a Gallup poll.
The North Dakota firm and one of its advisors didn't understand the risks associated with the complex products and failed to determine whether they were in clients' best interests, the agency says.
Brokerages suffered financially during the market downturn last year, with net income and revenue falling sharply in 2022.
Chief investment officer Matt Cole takes on the added role of CEO at the disruptive new asset management shop after Vivek Ramaswamy's departure.
The company, which self-reported the issue, signed separate consent orders with Finra and the New Hampshire Bureau of Securities Regulation.
