How to Boost IRA Rollovers as DOL Fiduciary Rule Looms and Competition Grows
If advisors want to attract more rollover assets, they need to offer “more than just money management and asset allocation models,” says Janus' Matt Sommer.
Recruiting Roundup: RBC Adds $4M Team in New York
Meanwhile, Wells Fargo, Raymond James and LPL Financial announce their latest new advisors.
RCS Capital Files for Bankruptcy; Cetera to Use $50M for Retention
In court papers, Chief Restructuring Officer David Orlofsky said the company took on debt through “significant acquisitions” costing over $1 billion.
RCS Capital to File for Chapter 11 Bankruptcy on Sunday
Cetera CEO Larry Roth says the BD group will no longer be “burdened with legacy issues.”
Dear Breakaway Broker: Know Your Employment Agreement(s)
Whether you’re a rep, an RIA or an advisor employer, it’s wise to understand the legal issues around employment.
AIG Advisor Group Sale Fueled by DOL Fiduciary Rule, CEO Says
But consumer advocate Barbara Roper says many firms will blame the rule for things they would do anyway.
FSI Vows to Continue Fighting DOL Fiduciary Rule
Dale Brown: “We’re not ruling out any actions” to stop rule’s implementation. David Bellaire: Rule “will do irreparable harm to investors.”
What Will Lightyear Do With AIG Advisor Group?
In an acquisition like the purchase of AIG Advisor Group by Lightyear Capital and PSP Investments, there are usually two options, recruiter Jon Henschen says.
Is Betterment Advisors’ Friend or Foe?
CEO Jon Stein tells crowd at Inside ETFs that their business is complementary, but institutional players like Schwab should beware.
DOL’s Perez: Fiduciary Rule to Be Wrapped Up in ‘Coming Months’
Labor Secretary Thomas Perez also said the White House plans to push for auto-IRAs and boost MEPs in its upcoming 2017 budget.