M&T Bank Corp., which recently acquired People’s United Bank, will transfer that bank’s retail brokerage and advisory business to LPL Financial’s institutional services platform, which M&T currently uses, in the second half of the year.
The program at People’s United consists of 30 advisers serving about $6 billion in assets.
M&T moved its retail brokerage and advisory business to LPL's platform last June.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
