RBC Adds $350 Merrill Team, $125M Morgan Stanley FA: Recruiting Roundup
Meanwhile, wirehouse reps depart for Baird, Ameriprise and Arkadios Capital; Royal Alliance and CAPTRUST attract large groups.
Carson Group Renames 2 Business Units
Its institutional business has grown assets under advisement to about $8.6 billion in the past three years.
Fiduciary Rule Delay to Cost Investors $11 Billion: Economic Policy Institute
EPI is just one of many consumer groups opposing the rule's 18-month delay until July 2019.
How Stephen Hlibok Became Merrill’s First Deaf Advisor
Stephen Hlibok tells ThinkAdvisor about his deaf clients' biggest challenges, how he overcame rejection at Merrill and some cool tech innovations for deaf people.
Fidelity Launches Robo Platform for Advisors
The Automated Management Platform allows advisors “to seamlessly manage digital accounts” alongside more traditional accounts, Fidelity says.
Global Family Office Returns Bounced Back in 2017
Many family offices are unprepared for the looming generational wealth transfer, UBS finds
RBC Wealth, Raymond James Launch Efforts to Boost Female Advisors
Videos and a publication aim to support existing women reps and add to their numbers, which are roughly 16% of the full US advisor force.
Merrill Exec Gets ‘Cease and Desist’ in Biggest Customer Protection Case Ever
The SEC found the executive negligent; Merrill was fined $415 million over leveraged conversion trades involving investors’ cash.
LPL, Stratos Wealth Partners Welcome $311M Team
Barton Spector Wealth Strategies focuses on retirement income planning and cites the DOL rule for the move.
Wells Fargo Increases Fake-Account Estimate 67%
The bank says it will pay $10.7 million in customer compensation.