The online trading platform’s popularity has skyrocketed over the last several months, but its fast growth has also generated increased regulatory scrutiny
The S&P 500 pared its advance to 0.6% at the close, after rallying as much as 1.5% earlier Wednesday
The managed-account service will stand out in the marketplace because it will be embedded in Vestwell’s technology, rather than located away from a record keeper and within an investment manager’s system, a detail that will help the firm compete on cost
Firm veteran Mandell Crawley takes new job; Elizabeth Dennis will succeed him as head of private wealth management
Whitnell is Rockefeller’s second family office acquisition, following the addition of Silicon Valley-based Financial Clarity in 2019, Rockefeller Capital Management has continued to expand its presence in the Midwest, opening its first Chicago-based Private Wealth Management office in October 2020
The savings vehicles are only available in one adviser-sold program, though 43 states provide direct-sold options
The deal follows other major announcements, including the purchase of Compass Financial Partners and a majority stake acquisition in Sageview Advisory Group
Dale Kramer opens an indie shop, Kramer Wealth Strategies, in upstate New York
Given all that happened last year, many advisers are coming up with different metrics for success in 2021
Final judgment also finds Barry F. Connell liable for restitution, which he repaid in criminal case
There's nothing worse than workaholic leaders gumming up the works because they won’t delegate
Clients are curious about the recent boom in cryptocurrencies, but volatile performance records are keeping some advisers on the sidelines
Consolidation has been a theme of late in the retirement plan adviser world, and private equity has increasingly poured money into the space, which has helped push valuations to high points, leading to ample selling opportunities for adviser firms
Six-adviser FDR Financial has offices in Boca Raton and Hollywood
The deal also marks the third sizable acquisition over the first two business days of the new year, following Hightower’s purchase of Bel Air Investment Advisors, an $8 billion Los Angeles-based RIA, and SVB Financial Corp.’s acquisition of Boston Private Financial Holdings to create a $17.7 billion wealth management enterprise
The stock and cash deal will create a $17.7 billion wealth management enterprise
Effort would move the fourth-largest U.S. bank a step closer to emulating some of its biggest rivals
Ulrich Investment Consultants in San Antonio will retain control
Four years ago, a financial adviser got a call from a prospect who did not want to disclose any information over the phone. At the in-person meeting, the woman and her husband told the adviser that she had won a $1.2 million jackpot.
Arkansas and Michigan become the latest states to adopt the National Association of Insurance Commissioners model rule
