Fidelity Charitable, the nation’s largest grantmaker, has named Jacob Pruitt its president, succeeding Pamela Norley, effective Oct. 18.
Prior to joining Fidelity Charitable, Pruitt was vice president and head of T. Rowe Price Charitable, leading the asset manager’s charitable giving strategy and donor-advised fund program. Pruitt also led the Colorado regional strategy for T. Rowe Price and was a member of the company’s Diversity and Inclusion Operating Council.
Pruitt succeeds Pamela Norley, who is retiring after leading Fidelity Charitable for five years, following more than 20 years spent in various leadership roles across Fidelity Investments.
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.
