Recruiting Scene: Wirehouses Lose a Few, Win a Few
Focus adds a breakaway group, Raymond James picks up a trio, and Morgan Stanley nabs a high-net-worth team.
Pimco’s New Bond Chief Is Nailing It
His $75 billion fund eclipses one formerly run by Bill Gross; low-key Dan Ivascyn makes contrarian bets in a tumultuous year.
Dynasty Lands $750M Wirehouse Group in Houston: Recruiting Roundup
Meanwhile, Ameriprise shares the names of its newest advisors; GW&K announces the names of recently tapped partners.
American College Starts Black Broker Scholarship Program
The fund aims to boost the share of advisors who are African-American, which is now less than 8%.
Fidelity Exec Named to Trump's Economic Team
Chief Economic Advisor Gary Cohn taps Shahira Knight, 12 others to work on tax reform, retirement, jobs and economic growth.
Cetera Names New General Counsel
Brian Stern leaves HD Vest in Dallas to join Cetera Financial Group in Los Angeles.
Raymond James Adds $2.4M Wells Fargo Team
Advisor Preston Covington and others join the employee channel in Columbia, South Carolina, with about $375 million in client assets.
The Almost ESOP Small-Business Succession Strategy
An ESOP alternative using a modified DB plan structure may provide a viable option for small-business owners trying to transition the company (and minimize taxes).
How Young Financial Advisors Can Invest in Themselves
One of the most overlooked parts of advancing one's career is self-investment.
Butler to Replace Booth as Co-CEO of Dimensional Fund Advisors
David Booth will continue in his role as executive chairman and will remain closely involved with the firm on strategic initiatives.