$550M Merrill Team Goes Indie With Dynasty in Florida
Also, Raymond James and Wells Fargo add several Morgan Stanley reps; Pavilion Financial to buy Jeffrey Slocum & Associates.
8 Financial Mistakes Couples Make That Could Derail Retirement
Whether it's a failure to communicate or a lack of action, couples are making big mistakes when it comes to saving for retirement.
Top Portfolio Products: New Funds from Fidelity, CBOE Vest and Direxion
Fidelity introduced six factor-based ETFs, CBOE Vest added a defensive stock fund and Direxion launched two leveraged ETFs.
Enforcement: SEC Charges Sex Products CEO With Fraud; FINRA Fines Short Seller
SEC charged Empowered Products with promotional fraud; FINRA censured and fined Timber Hill for not closing fail-to-deliver positions.
Recruiting Roundup: Wells Fargo, United Capital & SFA Add Teams
Meanwhile, Autonomous Research says Alexey (Lex) Sokolin has joined the group as head of fintech strategy.
IRS provides procedure on IRA, retirement plan rollovers
The IRS procedure may help some avoid the necessity of paying early distribution taxes.
Top Portfolio Products: State Street Changes SPDR Lineup, Rebalances Index
Also, the first Islamic fixed income fund in the U.S. passed the $100 million threshold in August, says Azzad Asset Management.
Enforcement: Lawyer Bilked Pro Athletes to Pay Alimony, Credit Cards, SEC Says
In another action, FINRA fined Morgan Stanley for failing to stop a client's Ponzi scheme.
Recruiting Roundup: Pensionmark Draws $1B Group to Network
Other advisor teams and registered reps move to affiliate with NPC, Securities America and Capital One.
Top Portfolio Products: Schwab, BlackRock Introduce New Funds
Schwab introduced a very low-cost line of target date funds; BlackRock added a social impact bond fund.