Previously managed more than $300 million in assets.
The average firm saw a 19.2% increase in assets under management year-over-year in 2013. What was behind the growth?
Joining Schwab in trying to soothe unhappy clients, TD Ameritrade offers full refunds of fees to new managed-account customers whose investment portfolios decline in value.
At issue was accusations the fund giant engaged in self-dealing in 401(k) plan.
The Labor Department should require providers to share more on fees, performance and benchmarking, GAO says.
LPL gets back in the broker-dealer M&A hunt, adding to their retirement arm via Financial Telesis' 470 reps and RIA.
But low fees don't necessarily translate into better performance.
Changes to LifePath Index come as other providers also have sought to increase equity allocations after retirement.
The firm's rebranding efforts follow combinations with J.P. Morgan Retirement Plan Services' record-keeping business and Putnam Investments' retirement unit.
Partnership aims at getting business from advisers who want to integrate their systems.
For <i>Breakfast with Benjamin:</i> Investors jump on the low-volatility bandwagon. Plus: A market fueled by bad news; B of A's big mortgage settlement' Countrywide exec finally heads to court; and how companies miss the mark with stock options.
NFP Advisor Services chief James Poer says firm is adding 53 advisers and roughly $30 million in revenue, mostly from Financial Telesis.
Finra arbitration panel finds adviser liable for remaining balance on promissory note, but orders wirehouse to pay for closing his branch.
Insurer aims to boost position among retirement plans with around $15 million in assets.
Broker-dealers will need to be more selective in finding an auditor who knows the industry.
<i>Breakfast with Benjamin:</i> The dollar rallies ahead of Fed news. Plus: Stocks historically love the Fed's Jackson Hole meeting; Argentina's latest gambit; insurance companies create new asset management opportunities; and regretting not buying Google at the IPO.
Successful children of wealthy parents had support -- but within limits, a new book finds.
