Raymond James, Dynasty Add Big Wirehouse Teams: Recruiting Roundup
Meanwhile, Cetera attracts a group with 55 indie advisors in Southern California.
Merrill Lynch Nabs Longtime Morgan Stanley Exec Carl Swanson
Swanson switches wirehouses to lead platform experience at Merrill after more than 24 years with Morgan Stanley Smith Barney.
Will AdvisorBid Become the ‘Facebook’ of Wealth Management?
The online marketplace has 1,300 active advisors with profiles.
Merrill Lynch Nabs $628M Morgan Stanley Team: Recruiting Roundup
Meanwhile, a large hybrid-RIA recruits an executive from Fidelity Investments’ Clearing & Custody Services business.
How DOL Is Changing Sign-On Bonuses and Other Indie BD Procedures
A profitability shell game is going on, as profit centers such as ticket charge markups are sacrificed while advisory administration fees increase.
FINRA’s Axelrod Warns Financial Industry: Adapt or Die
Industry must meet millennial’s tech needs “if we want to avoid the looming succession cliff.”
CFP Board Announces Release Date for Draft of New Standards
Advisors will have 60 days to comment on proposed changes to the Board’s Standards of Professional Conduct.
Ex-SEC Chair White’s Chief Legal Advisor Liftik Joins Quinn Emanuel
As partner, he will focus on government and internal investigations, regulatory enforcement defense, securities litigation and cybersecurity.
Vanguard Strategy Exec to Retire
Glenn Reed will step down, with Chris McIsaac taking over his responsibilities, the fund giant says.
SEC Names Avakian, Peikin Co-Directors of Enforcement Division
Former federal prosecutor Peikin hails from Sullivan & Cromwell; Avakian moves out of acting director role.