Sen. Sherrod Brown says PE has a track record of 'undermining pension and retirement programs.' The American Investment Council praises PE stewardship of insurance firms.
The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.
James Iannazzo, 48, was arrested in January, faces three charges and is seeking probation.
The deal for Investors Financial Group suggests that Morristown, N.J.-based Private Advisor Group is in growth mode.
Pensionmark, an RIA and retirement consultant that supports more than $80 billion in assets, is headquartered in Santa Barbara, California.
Scott Allen Fries, a former Transamerica rep and adviser, took at least $458,000 from at least 10 individuals.
The DOL has clarified its earlier advice on this topic, stressing the responsibility of fiduciaries whose plans offer private equity investments.
Finra didn't provide details about the rules, which will be made public when they're submitted to the Securities and Exchange Commission.
Global Shares, which will be integrated into the bank's asset and wealth management arm, has almost $200 billion in assets under administration and roughly 600 corporate clients.
Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018.
But they differ on exactly how to provide it, ensuring the debate will go on.
Napa Valley and TrueNote, which are led by Kelly Crane, oversee more than $400 million in client assets.
Some market watchers see the quarter-point hike as not enough to slow inflation or economic growth.
John Alexander is the second senior manager with two decades at the firm to leave Wells Fargo Advisors in recent months.
The broker, Mario E. Rivero Jr., 38, was registered with Wells Fargo Advisors from December 2010 through October 2020 and then at LPL Financial until last June, when he was barred from the securities industry.
For the year, policy sales were up 5%, which is the highest annual growth since 1983, according to Limra.
Houston-based advisers Brandon Glasscock and Mandy Haskell are joining the firm’s independent adviser channel.
A new report shows that even a brief period of inflationary pressures will have long-term impact on expenses.
Robert Patti manages $280 million in Marietta, Georgia
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
