Top Portfolio Products: Morgan Stanley Adds Environmental Toolkit to Platform
New tools to invest with climate change in mind and to support clients emotionally and promote long-term investing.
Why Are Advisors Feeling So Blue? A Psychologist to FAs Explains
Not since 2008 have financial advisors felt so dispirited and turned off, says Dr. Alden Cass, a psychologist who specializes in FAs.
LPL Misses Earnings Estimates as Profits Sink 45%
Revenue for Q4 drops 8% to $1.02 billion for the independent broker-dealer.
Morgan Stanley Settles Mortgage Case for $3.2 Billion
The settlement addresses misconduct that contributed to the 2008 financial crisis, New York Attorney General Eric Schneiderman says.
Recruiting Roundup: LPL, Stratos Wealth Attract $200M Teams
Two advisors leave Wells Fargo to join the Scottsdale office of Stratos, a growing hybrid RIA.
Lisa Dolly Named CEO of Pershing; Lori Hardwick of Envestnet Replaces Her as COO
Pershing veteran Dolly succeeds Ron DeCicco, who will retire. She will be the first female CEO at Pershing.
AlphaSimplex Hires New Investment Committee Advisor
The firm, founded by MIT professor Andrew Lo, has hired former SSGA CIO Alistair Lowe as senior advisor to its investment committee.
Hedge Fund Attacks Texas REIT as ‘Ponzi-Like Scheme’
Hedge fund manager Kyle Bass is shorting the United Development Funding IV REIT, which was sold by RCS Capital.
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.