In a 68-29 vote Monday, the Senate confirmed Boston Mayor Marty Walsh to be Labor secretary.
Walsh became a union member at 21 and rose to lead the Boston Trades Council, which represents ironworker and electricians unions, among others. He also served for 17 years as a Massachusetts state representative. He has been mayor of Boston since 2014.
Walsh's confirmation was a victory for AFL-CIO President Richard Trumka, who rallied his federation of 56 unions to back Walsh soon after Biden won the election in November.
"For four years, working families have lived with a Labor Department devoted to serving a handful of elite interests," Trumka said in a statement. "Now, the power to enforce safety and equity in our workplaces has been handed from a ruthless corporate lawyer to a proud union brother."
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
