In March, his International Value Advisers had announced it would liquidate its two funds and cease operations.
Halo Investing will offer fixed, variable and registered index-linked annuities from several carriers.
While the IRS has not corrected the publication that suggested annual required minimum distributions under the 10-year rule, no one believes this to be correct.
Investors will see a more complete financial picture, not just retirement balances, the company says.
Social Security Administration Commissioner Andrew Saul warns that underfunding the system will increase benefit delays.
Financial advisers continue to recommend hefty cash reserves yielding almost nothing and losing ground to inflation, under the premise that safety trumps yield.
The wirehouse reported strong results, but also disclosed a significant hit from trading losses after the implosion of the family office and hedge fund Archegos Capital Management.
Like Morgan Stanley, UBS kept its investors in the dark for weeks about the size of the losses it incurred in the collapse of Bill Hwang's family office.
Castle Wealth Advisors, founded by Gary Pittsford, is the oldest fee-only adviser in Indiana.
How valid are concerns over rising inflation as the US emerges from a pandemic-driven recession? Learn more about the Federal Reserve’s expectations for short-term inflation scenarios.
The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital and Atlas Merchant Capital.
For years, Wells Fargo Advisors has touted its in-house investment management and planning platform for clients and advisers, called Envision. Now, it is introducing the outside eMoney Advisor.
CITs, which are bank products, have been gaining market share in 401(k)s for years, but they are not expressly permitted in 403(b) plans.
This ranking of the top IBDs is based on their revenue and reflects data collected from firms that participated in InvestmentNews' independent broker-dealer surveys.
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
While the people who took loans or withdrawals as a result of Covid-19 are in a better place financially, they feel behind in their saving.
The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.
Advisers nearly universally agree that a return to office meetings is key, and that they must change
RIAs will be at the center of a great deal of our coverage and content over the coming weeks, and we even have Hall of Fame quarterback Steve Young on the agenda.
Last year, the 25 largest independent broker-dealers reported $26.6 billion in revenue, an increase of 4.3% from 2019. Although financial results were far from spectacular, growth at leading IBDs last year was resilient in the face of the Covid-19 pandemic and the havoc it caused for the broader stock market.
