LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
At least two banks were dropped from underwriting muni deals since Texas Attorney General Paxton said last week he was probing the energy policies of a group of financial firms.
SEC cracks down on California investment advisor for allegedly defrauding elderly clients.
Safeguard Metals allegedly steered retirees who cashed out of IRAs toward high-markup silver coins
Client assets are up 15%, while cash sweep and certificate balances are down $5.8 billion from the year-ago period.
'Our advisor recruiting has picked up significantly over the last two months, with record numbers of large teams in our pipeline,' CEO Paul Reilly says.
Industry experts give their verdict on the wirehouse’s decision to replace its ‘growth grid’ with a ‘growth award.'
While platforms aren't able to differentiate themselves by their technology, they can profit by providing support services that firms need.
A wide range of financial industry groups are urging the agency to withdraw its most controversial proposals, but even the most reviled likely will avoid major changes.
2024 will bring a fresh look to the wirehouse's leadership.
'Some may call high-impact cases regulation by enforcement,' SEC Chair Gary Gensler said. 'I call it enforcing the laws and the regulations that are on the books.'
The process of moving TD RIAs onto Schwab's platform was 'imperfect,' says CEO Walt Bettinger.
The Marlton, New Jersey-based pair operate Schwartz Financial Services and oversee $175 million in assets.
Total annuity sales increased 21% to $270.6 billion through the first nine months of 2023, Limra reports.
Firms that use a third party that actively allocates investments to the point of market timing can see tremendous attrition when their returns are negative and not aligned with the market.
Clients must be reminded to focus on what’s important — staying the course for the long haul, avoiding emotional decisions and maintaining long-term plans through portfolio rebalancing.
People who work with an advisor have significantly higher levels of confidence across a range of areas, and those areas extend beyond the financial realm.
'Why would any business owner maintain a retirement plan if the federal government is going to take over all the costs and responsibility of providing retirement benefits?' says the CEO of a trade group representing plan sponsors.
Dan Glaser, the chairman of the company's board, has been appointed interim CEO, effective immediately.
Thomas Kopelman believes in the power of social media to allow advisors to connect with clients genuinely seeking financial guidance.
