U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition Period
A British official overseeing trade policy told a SIFMA symposium that the U.K. will “definitely not” begin the process of exiting the EU before year end.
$550M Merrill Team Goes Indie With Dynasty in Florida
Also, Raymond James and Wells Fargo add several Morgan Stanley reps; Pavilion Financial to buy Jeffrey Slocum & Associates.
FINRA Fines Ameriprise for Rep Who Stole $370K From His Family
Ameriprise was fined for allegedly failing “to exercise reasonable due diligence in supervising” the accounts, the regulator said.
Stifel to Acquire Indiana-based City Financial
Stifel Financial Corp. will acquire City Financial and its wholly owned subsidiary, independent investment bank City Securities.
Raymond James Nabs Ex-Wirehouse Manager
The firm picks up a complex manager in Seattle who used to work for Merrill Lynch, Morgan Stanley and RBC.
Top Portfolio Products: New Funds from Fidelity, CBOE Vest and Direxion
Fidelity introduced six factor-based ETFs, CBOE Vest added a defensive stock fund and Direxion launched two leveraged ETFs.
7 Tips to Maximize Social Security Benefits From an Ex-SSA Director
With all of the rules and changes in Social Security, Kurt Czarnowski offers tips and advice to advisors.
SEC Snags Raymond James, Baird for Wrap Fee Violations
The two firms were fined by the SEC for failing to disclose trade-away commissions
Ex-CFO at Schorsch-Related REIT Arrested
The SEC and U.S. Attorney took action against Brian Block while pressing charges against Lisa McAlister, who has pleaded guilty.
Betterment Study Urges Strong Oversight of Advisors Working With 401(k) Plans
The study, conducted by Forrester Consulting, recommends that employers demand more information on 401(k) fees and investment decisions from advisors.