Impact Benefits & Retirement and Strategic Employee Benefit Services will be folded in.
Three sole practitioners managing $297 million in total are also moving to the firm.
The quarterly sales growth was the highest since 1983, according to Limra.
The agency released a revised version of its publication covering rules on inherited IRAs that confirms there are no RMDs required during the 10 years. But the publication raises another question.
Engine No. 1 seeks diversification in oil giant's business and a better plan to fight climate change.
Christian Habitz and Sarah Damsgaard's firm, Invictus, has partnered with Dynasty Financial and will have offices in Chicago, Miami and Milwaukee.
Study co-authored by Robert Jackson Jr. shows that 'wandering advisers' who leave one regulator and continue operating under another are more likely to commit misconduct.
Though RPAs loathe comparisons to law firms, advisers are professional service providers like lawyers and accountants who charge based on the work and time spent. More experienced professionals can charge a higher hourly rate – and last time I checked, few of them are hurting.
Ramsey blamed the high cost of various lawsuits from Washington state and the timeshare industry as the reason why Timeshare Exit Team is no longer an advertiser on his platform.
The manager of public sector retirement plans will offer personalized advice to participants.
Succession planning motivated the sale of Mississippi-based ET George Investment Management.
Although the brokerage industry is shrinking, it's still doing well financially. Aggregate revenue for Finra-registered firms totaled $362 billion in 2020, down from $388 billion in 2019 but higher than every other year since 2016.
Despite often having unwieldy investment menus, government DC plans are concentrated in large-cap U.S. equity and stable value, according to a recent report from the Public Retirement Research Lab.
The key is knowing how to select software that solves your problems while simultaneously improving both the functionality and the profitability of your firm.
The measure proposed by Sens. Warren and Daines addresses the $8.5 billion sitting in lost retirement plan accounts.
The financial assistance appears to be on the higher end of PPP loans received by privately held broker-dealers who obtained Covid-19 business relief. Other B-Ds have reported taking larger PPP loans.
The Wealth Advisory Institute will include content from more than a dozen other major asset managers.
Craig Zaleck and Mark Hogan, who are based in Bayonne, New Jersey, will affiliate through super OSJ INC Advisors.
Los Angeles-based Lido Advisors plans to expand across the country organically and via acquisitions.
With a fresh take on adviser training, Merrill Lynch expects to increase diversity while graduating 1,000 new advisers per year. These advisers will be located in-office and report to their local market executives.
