First Republic, FiNet Grab Reps From Rivals: Recruiting Roundup
A UBS advisor moves firms in SoCal, while two registered reps with LPL and Edward Jones join Wells Fargo Financial Network.
Acquired RIAs Have Become Acquirers: Dave DeVoe
M&A expert says it was a "breakout year" for sub-acquisitions amid record dealmaking among RIAs.
Growing RIA Grabs $160M Group in SoCal
Mercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
LPL CEO Says No Way on Pure RIA
The IBD discusses strategy and the impact of recent high-profile departures during its Q4 earnings call.
SEC's Top 5 Advisor Compliance Failures
An OCIE alert highlights the top deficiencies found in advisor exams.
$4.7 Trillion 401(k) Market ‘There for the Taking’ for RIAs
"It’s a wide open competitive landscape," says Skip Schweiss of TD Ameritrade.
Bogle: ‘Fiduciary Principle Will Live On’ No Matter What
The lower cost funds and fee-based accounts created in response to the fiduciary rule will remain, writes the former Vanguard CEO.
HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup
Meanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.
The Future of the DOL Fiduciary Rule Could Be Decided This Week
As a federal judge in Texas has ruled in favor of the Labor Department, clarity could be coming soon.
PE Firm to Buy Financial Compliance Outsourcer
Lovell Minnick, an owner of Lincoln Investment Planning, is set to acquire Foreside Financial Group, which works with BDs and IAs.