Only 16% of Advisors Are Women: Cerulli
Cerulli makes the case that increasing women’s representation among advisors brings concrete business advantages.
Schwab, TD Ameritrade Post Strong Q4 Earnings as New Accounts, Assets Soar
Assets in proprietary Schwab ETFs rose more than 50% from last year to $62 billion.
CFPB Sues Navient, the Largest US Student Loan Servicer
The CFPB charges Navient with illegal practices that pushed borrowers deeper into debt or prevented their participation in income-driven repayment plans.
LPL Adds $810M Bank Client
First Interstate Wealth Management has about 40 advisors and 80 offices in Montana, Wyoming and South Dakota.
Janus Advisor Guide: Beware of Correlations, and Other Investment Tips
Janus Funds’ 2017 Wealth Advisor’s Guide identifies the intended and unintended risks of advisors’ asset allocations in their model portfolios.
Mercer Adds New York RIA; 2 Groups Rejoin SII Investments: Recruiting Roundup
The RIA in the Big Apple has $100 million in assets, while the California and New Jersey advisor groups have a total of $220 million.
Can Brokers and Agents Act in Their Clients’ Best Interests?
A reader accuses me of unfairly comparing the dings of broker-dealer firms to those of RIA firms. I reply in my modest way.
Barred Broker Pleads Guilty to SEC Obstruction, May Avoid Jail
The former advisor will also pay more than $580,000 in penalties for hiding referral fees from an elderly widow.
College Football Championship Puts Raymond James in Spotlight
The financial firm has a 12-year sponsorship contract for Tampa's stadium, where Clemson defeated Alabama.
Rising Student Debt Among Seniors Threatens to Wreck Their Retirement
The CFPB reports that nearly 40% of borrowers 65 and older, a fast-growing segment of student-loan debtors, are in default.