$3.5B UBS Group Moves to Raymond James in Hawaii
Meanwhile, Ameriprise adds three Morgan Stanley reps; ACG Wealth taps a Fidelity exec to help grow the $1.8 billion RIA.
Key Republicans Want to Scrap Health Bill's Tax Cuts for Wealthy
Chuck Schumer says the BCRA bill will take money from nursing homes to help the rich.
Hot Tax-Avoidance Plan Joins Millionaires, Hedge Funds, Insurers
Investors may have put $15 billion into insurance-dedicated funds inside life insurance policies and annuity contracts.
PCAOB Releases Preview of BD Audit Inspection Results
Independence of BD auditors is one major weak spot, the audit regulator says.
BlackRock Sees Emerging Market Debt Rally Fading in Second Half
Its strategists expect gains will retreat to between 2% and 3% and suggest that investors switch from passive to actively managed EM debt investments.
Ex-NBA Star Tim Duncan’s Former Advisor Sentenced to Prison
Charles Banks also must pay retired San Antonio Spurs forward millions in restitution.
Who Would Make an Offer on a Home Sight Unseen? Lots of Folks
A third of people in a Redfin survey of homebuyers said they had made an offer on a home without seeing it in person.
New Florida Law Affects Life Policyholders Who Want to Change Policies
The new law, based on HB 1077, includes amendments backed by the Life Insurance Settlement Association.
LPL Schools Hybrid RIAs on Rollovers
The IBD just clarified its “education-only” policy tied to advisory accounts.
5 Possible Weird Senate Health Bill Effects
The Better Care act could make the health risk hot potato roll in unexpected directions.