Cetera Names Head of Advisor Growth Efforts
Brett Harrison will take on the new job and remain leader of one of Cetera's 11 broker-dealers.
RIAs Dominate M&A Deals for Second Year Running
“It remains a seller’s market for RIAs, and the industry is in a position of strength,” Schwab's Jonathan Beatty said.
LPL Adds $2B RIA to Custody Platform
Center for Wealth Planning has used the firm’s corporate RIA and broker-dealer for 10 years.
FINRA Slaps 3 BDs for Consolidated Reporting Failures
Inadequate reporting controls raise risk that "unscrupulous representatives will provide inaccurate and misleading reports to their clients to conceal fraud and theft,” says FINRA's Bennett.
Stock Price Path Influences Investment Decisions
Imagine your favorite soccer team is up three-zero at half time, but the match finally ends in a draw. You’re probably disappointed, but if your team was down three-zero and recovered before a draw, your happiness as a fan is totally different for the same end result.
SSgA Taps Former Fidelity Exec O’Hanley as New President, CEO
New State Street Global Advisors head O’Hanley also spent 13 years in leadership positions at Mellon Bank and Bank of New York Mellon.
Bracing for the Next Wave of 401(k) Lawsuits
The 10 largest class-action settlements of ERISA claims topped $1.3 billion in 2014, almost 10 times the sum of the biggest settlements in 2013.
NAPA’s Deep Reservations About DOL’s Broker Rules
NAPA says it opposes any regulation that would hamper an advisor's ability to help retiring clients shift their savings to an IRA.
TD Ameritrade Taps Bank CFO to Replace Gerber
Steve Boyle, who has worked for the firm’s affiliate since 1997, will take over in October.
RIA Rolls Out Uber-Like App
The mobile financial planning tool is intended to help clients 24/7 — an anti-robo-advisor of sorts.