‘No Fee Compression on Our Advisors’: Raymond James CEO
Paul Reilly discusses retention, recruiting efforts and compliance issues during the yearly indie advisor event.
‘Going in Style’ Shows What People Really Think of Banks, Retirement
The movie serves as good starting point for conversations advisors should be having with worried clients and prospects.
3 DOL Fiduciary Takeaways From Morgan Stanley’s Q1 Earnings
CFO Pruzan outlines the impact the new fiduciary rule is having on the firm's sales, recruiting, margins and costs.
Raymond James Adds Team of Women From Morgan Stanley: Recruiting Roundup
Meanwhile, TD Wealth grabs a group in New Jersey from Wells Fargo.
Ameriprise Beats Estimates as Assets, Inflows Rise
The broker-dealer has 9,675 advisors with average fees and commissions of $518,000 per year.
Warren Says DOL Website for Wells Fargo Removed
U.S. senator asks the agency for status of probe into bank; website was to allow bank workers to report illegal activity.
DOL releases fiduciary rule guidance specifically for advisors
According to benefits attorney Fred Reisch: 'Insurance companies can market their group variable annuity contracts to 401(k) plans without concern of fiduciary status.'
When new and improved actually isn’t
How can something be both "new" and "improved"? It can't.
Advisors to Boost Use of Managed Futures in 2017, Though Many Have Concerns: Poll
Altegris survey finds majority of reps use managed futures, but more than a third have questions about how the products help portfolios.
Morgan Stanley Profits Surge, Top Estimates: Q3 Earnings
The wealth unit says its net income increased 11% year over year, while its pre-tax profit margin was 23%.