The Bizarre Recruiting Case of Alfonso Montoya
A $150 million book of business Wells Fargo promised him never materialized — and then the wirehouse took him to arbitration.
LPL to Pay More Than $500,000 Over Annuity Surrender Charges
LPL Financial agreed Tuesday to pay $541,058 to seniors in Massachusetts for failing to properly disclose surrender charges these clients paid when switching VAs.
Retirement Safety Net Combines Variable and Deferred Income Annuities
Clients can reap the benefits—at a better price point—of market participation and income guarantees by combining a variable annuity with a deferred income annuity.
PIMCO’s Q3 Outflows Top 5% of Assets
The big bond shop’s AUM declined by about $23.5 billion after Bill Gross departed for Janus.
Krawcheck Calmly Rips Microsoft CEO Over Comments on Women
Krawcheck criticizes Satya Nadella’s advice that women shouldn’t ask for raises but should rely on “karma” instead.
Gross’ First Janus Outlook Addresses PIMCO Exit, Gloomy Financial Era
In Bill Gross’ first investment outlook since joining Janus, he addressed the elephant in the room right away: Why did he leave PIMCO?
Fed Saw Global Slowdown Among Risks to Outlook
Markets surge after FOMC meeting minutes reveal still dovish tendencies on rates.
SEC Enforcement: Ex-Wells Fargo Analyst, Trader Charged With Insider Trading
SEC also hits two for insider trading on Pershing Square's Herbalife short, while Massachusetts charges a tax advisor with preying on elderly relatives.
Healthier Retirees Will Spend More on Health Care: IRI
Experts suggest that advisors need to start considering health care costs in their clients' financial portfolios due to increasing life expectancies.
IRI Elects LPL’s Moore Board Chairman
New IRI Board members include Larry Roth of Cetera, Erica McGinnis of AIG Advisor Group and George Riedel of USIS.