Advocating for Change
As the next generation of our profession, we are stepping into organizations that have established cultures and business practices.
DOL Fiduciary Rule Hits BDs’ IT Budgets, Product Lines
“Broker-dealers have to make a lot of very difficult, and in some cases expensive, decisions,” ERISA lawyer Fred Reish says.
Recruiting Roundup: Dynasty, Triad Pick Up Large Advisor Groups
Meanwhile, Merrill Lynch & U.S. Trust report their newest registered reps.
Hearsay Launches New Social Media Tool for Advisors
The platform tracks client communications, suggests steps for advisors to take and gives broker-dealers data for building best practices.
Top Portfolio Products: Nuveen Launches Alternative Investment Platform
The platform, using technology from Artivest, lets advisors allocate alternative investments across client portfolios and monitor their performance.
Morningstar to Help BDs Manage Small 401(k)s
Morningstar Plan Advantage will let broker-dealers offload the fiduciary responsibility of managing defined contribution retirement plans.
LPL Details New Mutual Fund-Only Accounts
The new accounts deliver “cost benefits of direct business but with the ability to supervise that comes with LPL custody,” the firm says.
Lebenthal to Exit Wealth, RIA Business
The closing follows the departure of YorkBridge Wealth Partners, a group with $750 million in assets that moved to Dynasty.
Dynasty Financial Rolls Out Framework for Expanding RIAs
The partnership aims to help more advisors grow assets by taking on their growing back-office work.
Recruiting Roundup: Raymond James, Cetera Add Groups
Meanwhile, two RIAs merge to form group with $13 billion in client assets.