Larry Kudlow, director of the National Economic Council under President Trump, has joined The Bahnsen Group as an economic adviser.
The Bahnsen Group, a six-year-old $2.6 billion national wealth management firm with offices in New York City and Newport Beach, California, was founded by David Bahnsen, who had been an adviser at Morgan Stanley and UBS. The firm is part of the Hightower network.
Bahnsen said that he and Kudlow “share a love of free markets,” and that Kudlow’s experience in public policy and macroeconomics will benefit the process his firm implements for clients. Kudlow began his policy career working in the Office of Management and Budget of the Reagan White House in the early 1980s. One of the several positions he held on Wall Street was as a strategist at PaineWebber.
In addition to his role at Bahnsen, Kudlow has joined Fox Business Network as anchor of a daily afternoon show.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management