When Trump Tweets, Investors Listen
What does a tweeting president mean for advisors and their investor clients?
FINRA Alerts Investors to Aggressive Call Center Tactics
As clients with smaller accounts are pushed out of advisor relationships, they may be sent to heavily sales-oriented call centers, FINRA says.
Ron Carson Completes Move From LPL to Cetera
The wealth management group has over $6.5 billion in assets on its RIA platform and other operations.
HighTower Adds $1B Team in Florida: Recruiting Roundup
The group is moving from Wells Fargo Private Bank; meanwhile Focus Financial says a partner firm has wrapped up a deal.
House Bill Would Let Students Pay Off Loans With 529 Plans
The legislation also would encourage companies to help employees save for college or for disability care via tax incentives.
Massachusetts Moves to Stop $15M Hedge Fund Ponzi Scheme
A fund manager moved 47 investors’ money around in a classic “shell game,” Secretary William Galvin said.
Schwab, TD Ameritrade Post Strong Q4 Earnings as New Accounts, Assets Soar
Assets in proprietary Schwab ETFs rose more than 50% from last year to $62 billion.
Wells Fargo Advisors Wins $23M in Baird Raiding Case
"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.
Morgan Stanley Q4 Profits Double, but Wealth Group Misses Target
CEO James Gorman says the firm's wealth management operations will produce better results this year.
LPL Adds $810M Bank Client
First Interstate Wealth Management has about 40 advisors and 80 offices in Montana, Wyoming and South Dakota.