Creative Planning, the Kansas City, Mo.-based registered investment advisory firm, said that it is increasing its gift to Harvesters, a community food network, to $1 million.
The donation will help assist the food bank’s response to the COVID-19 crisis to deliver food to families that can’t afford food, said Peter Mallouk, Creative Planning’s president and chief investment officer.
“We are fortunate to be in a position to step up to serve our clients, ensure the financial security of our team, and at the same time rise up to serve our community,” Mr. Mallouk said in a release. “We hope this inspires other organizations to contribute however they can.”
Harvesters serves a 26-county area of northwestern Missouri and northeastern Kansas, supplying food and related items to more than 760 not-for-profit agencies including emergency food pantries, soup kitchens, homeless shelters, children’s homes and others.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.