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.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
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.
