The deal for American Portfolios Financial Services Inc., a New York independent broker-dealer, brings Advisor Group 850 advisers who oversee close to $40 billion in client assets.
American Financial Systems, which specializes in nonqualified executive benefit plans, will add to Morgan Stanley’s workplace solutions.
Some custodians and IBDs will require that an advisory firm move its assets off their platform if the firm is acquired or merges with one of the consolidators.
Methods honed by the tech and manufacturing industries are surprisingly relevant and effective for workplace culture
Wealth management firms vying for next-gen talent must rethink long-held expectations about how, where and why people go to work, according to speakers at InvestmentNews' 40 Under 40 gathering.
More than half of advisers say the lack of integration between their core applications is the biggest pain point with technology.
The measure would raise the required minimum distribution age, increase catch-up contributions for people between 60 and 63, and enable workers to withdraw emergency funds from plans, among its many provisions.
The case stems from a challenge by a former Xerox CFO, Barry Romeril, who sued for the ability to deny SEC fraud allegations after he signed a settlement with the agency in 2003.
United Planners' Financial Services was negligent in 2018 when it failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
The agency has released a request for public comment to assess whether they're offering investment advice rather than just information and should be regulated as advisers.
With more than $10 trillion seen in motion over the next decade as advisers retire, Cerulli expects acquiring firms to make succession planning a bigger piece of the offering.
Societe Generale's Manish Kabra sees S&P 500 sinking 30% in 1970s style stagflation.
With Solo FidFolios, do-it-yourself investors can create their own custom index, either by starting from scratch or choosing one of 13 thematic stock models and adding or subtracting stocks and updating weights.
Yaakov Ringler and Yonatan Marom will lead the Israel Group of Raymond James in New York.
Michael Finnell, president of Heritage Wealth Management Group, and the Heritage team will join Hub.
The deal for Summit Financial Consultants, a retirement planning firm, is expected to close by July 31.
The judge concluded that the condo board's complaint was flawed because it didn’t include the US government as one of the parties.
Planning with the assistance of a professional helps retirees feel more confident, but there's still uncertainty about Social Security benefits.
With stocks and Treasuries tumbling anew amid the Fed's hawkish moves, the time-honored allocation has plunged about 14% so far this quarter.
Technology platforms evolve quickly to give financial advisers tools to help clients mitigate the tax hit as financial markets decline.
