Edward Prewitt, a 20-year veteran of Wells Fargo Advisors and its predecessor, A.G. Edwards, is being pressed for information about Hunter Biden and the Biden family’s foreign business deals by the House Committee on Oversight and Reform.
James Comer, R-Ky., the ranking committee member, is calling on Prewitt to provide all documents, communications and information related to suspicious activity reports that were triggered by actions of Hunter Biden, other family members and associates, according to a release by the committee.
Prewitt, a former Clinton Administration political appointee, advised Hunter Biden on financial transactions when U.S. banks were flagging suspicious activity by the Biden family.
As Commonwealth advisors weigh their futures following the firm’s sale, Summit Wealth Group is charting its own course as an independent RIA with $2.1 billion in assets, moving to SEI's custodian platform.
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Toward the end of last year, UBS said it was redrawing its pay plan for advisors, but “every time one of the big firms like UBS tinkers with the advisors’ compensation, some of them say, that’s it, that’s the last straw,” recruiter Danny Sarch said.
Clients care less about returns than you might think.
From direct lending to asset-based finance to commercial real estate debt.
From direct lending to asset-based finance to commercial real estate debt.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
