LPL Buys 4 NPH Broker-Dealers
The $325-million purchase price could rise, depending on how much of the National Planning Holdings advisors' revenue moves to their new parent firm.
Brokerage ‘Kickbacks’ From Exchanges Draw Scrutiny
William Galvin of Massachusetts has sent a letter to Fidelity, Schwab, TD Ameritrade, Edward Jones, Morgan Stanley and E-Trade.
How 20-Somethings Invested Their 401(k)s, Then and Now
The millennials of 2015 and the Gen Xers of 1996 both invested heavily in equities, but the composition of those investments has changed.
Inflation Is Americans’ Top Economic Worry: Allianz Life
The Allianz Life 2017 Inflation Study finds a majority don't have a plan that addresses the rising cost of living in retirement.
Fewer Millennials Thinking About Finances: Navy Federal Credit Union
The credit union surveyed military and civilian millennials and found both groups may be less financially sound than they think.
Saturna Capital Launches Clean Shares for Two Funds: Portfolio Products
Also, Carlson Capital Management adds a low-cost DFA Minnesota muni bond fund to its portfolio lineup.
2 Key Times to Invest in Actively Managed Funds
When should advisors consider investing their client monies in actively managed funds rather than cheaper passive index funds or ETFs?
Ex-Con, Buddies Duped Investors in $15M Oil Drilling Scheme, SEC Says
The phony oil drilling investment scheme promised returns as high as 55%.
What to Do When Clients Lie
"Working With Difficult People" author Raphael Lapin talks to ThinkAdvisor about how advisors can handle dishonesty from clients, co-workers and bosses.
Financial Anxiety Is The New Diet Anxiety
A Northwestern Mutual study finds that 67% of millennials have anxiety about their level of savings.