Summer Brings $54.6B in Active Equity Fund Outflows: Morningstar
Still, two fund groups are attracting assets to both their passive and active products, the research group says.
USAA Nabs Citi's FinTech Chief
Heather Cox joins USAA as head of IT, digital strategy and client experience as the firm is pioneering biometrics for account logins.
Raymond James Completes Rollout of Mobile Platform
The firm also has introduced document sharing technology to its roughly 6,800 financial advisors.
LPL Details New Mutual Fund-Only Accounts
The new accounts deliver “cost benefits of direct business but with the ability to supervise that comes with LPL custody,” the firm says.
Lebenthal to Exit Wealth, RIA Business
The closing follows the departure of YorkBridge Wealth Partners, a group with $750 million in assets that moved to Dynasty.
Dynasty Financial Rolls Out Framework for Expanding RIAs
The partnership aims to help more advisors grow assets by taking on their growing back-office work.
Wells Fargo Taps New Head of Advisor Group
David Kowach replaces Mary Mack, who is now in charge of the company's retail banking business.
LPL Sees Big Uptick in Recruited Reps
A large number of advisors moved to the IBD from Cetera Financial, Advisor Group and other broker-dealers.
Cetera BD Adds President for Robo-Push
As president of Cetera Financial Institutions, LeAnn Rummel will be in charge of efforts to offer robo-advice to banks and credit unions.
Stifel’s Profits Crash in Q2 Despite Wealth Growth; Ladenburg Results Weaken
Stifel Financial is getting rid of the indie reps it bought from Sterne Agee, but holding on to the ex-Barclays reps.