LPL-Affiliated RIA Merges With Bank-Focused Wealth Group
The deal gives some 500 IFP advisors acccess to a large number of bank clients and accounts, the two firms say.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
LPL to Pay $3.2M Over Sales of Nontraded REITs, Leveraged ETFs
A settlement was reached with NASAA, Massachusetts and Delaware attorneys general.
Marcato Capital Takes 6.3% Stake in LPL
The hedge fund, known for its activist approach, thinks LPL's shares are undervalued.
Advisors Lure Million-Dollar Clients on Social Media
Some 17% of respondents to an American Century survey said they acquired business of at least $1 million in part because of social media.
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging Shareholders
The firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
Lebenthal Adds Co-CEO as Chief Takes Reins of Wealth Unit
Ex-Ally Bank CEO Barbara Yastine will join Alexandra Lebenthal in the top role as Frank Campanale steps down as wealth chief.
Top Portfolio Products: New ETFs From State Street and Direxion
Hedge your currency risk or double down on a leveraged sector stock bet? That's what some of this week's new portfolio products offer.
FINRA Floats Tougher Expungement Rules
FINRA arbitration panels would have to provide a more detailed rationale for granting a rep's request to have black marks wiped off their BrokerCheck report.
‘Our Reputation Stands on Its Own’
One of your reps suddenly leaves, taking several HNW clients and disparaging your firm. How do you mitigate reputational risk? How do you respond?