Bolstering its new parallel business for investment advisers, Commonwealth Financial Network has hired Matthew Chisholm, formerly head of practice management and consulting at Fidelity Clearing & Custody Solutions.
Mr. Chisholm will head RIA services and practice management at Commonwealth, a new position.
In his role, Mr. Chisholm will “ensure that the firm’s advisers have access to the consultants, programs and resources they need to build the scalable and sustainable business they want,” the company said in a release.
Commonwealth said that as of the end of January, 119 of its advisers had switched to a fee-only business model.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
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.
