LPL saw growth in assets from three sources last year: its recruiting of financial advisers, in-house growth and its acquisition of the wealth management business of Waddell & Reed.
A record number of new U.S. mutual funds and ETFs in the sustainable category hit the market last year, Morningstar reports.
The Louisville, Kentucky-based team is joining the firm’s employee channel.
I was watching my alma mater play a crucial conference game when a commercial from a financial firm sparked a debate on fiduciary duty.
The third leading TAMP by assets this week announced the launch of two new tools to help advisers find and land new clients.
Refreshes mobile app and adds a digital empowerment tool.
The fourth quarter marked the 17th straight quarter of net outflows for the asset manager, giving activist investor Nelson Peltz more leverage to push for changes.
The lawsuit argues the company’s use of its own Old Westbury line of mutual funds in the plan benefited Bessemer at the expense of plan participants.
The duo in Omaha, Nebraska, had been affiliated with Raymond James.
Under the Labor Department rule that took effect this week, advisers must declare their fiduciary status and material conflicts of interest in writing and follow impartial conduct standards.
The health care planning fintech is aiming to make complex health insurance decisions easier by collecting data about clients’ plans, usage and medications to find the best possible strategies.
At the center of the judge's order to vacate the arbitration decision were questions about whether or not Finra arbitration was a neutral forum for investors.
Paradigm Financial Advisors will become the core of a St. Louis ‘hub’ that will provide estate planning, tax planning and tax preparation services.
Kornerstone, based in Chico, California, manages $560 million.
AB plans to launch active ETFs in the U.S. later this year, and it has recruited Noel Archard from State Street to head the effort.
It’s a long-awaited moment for a generation of rising executives who’ve spent years missing out on the riches reaped by those before them.
The 38 direct PE investments in wealth management last year compares to 23 in 2020 and 11 in 2019. Now PE is eyeing the wealthtech space.
The SEC, NASAA and the CFTC take action to stop Safeguard Metals and its owner, Jeffrey Santulan, whose scheme allegedly targeted investors who were at or nearing retirement.
FSI is partnering with Inroads to encourage its member firms to offer paid internships for students of color.
Merchant insists the noncontrolling investment is distinct from traditional private equity capital, which often comes with a short-term commitment.
