Most Advisors Confused on DOL Rule’s Impact: Galvin Poll
A majority incorrectly believes that, despite their work with retirement accounts, the new fiduciary standard won’t impact them.
$2.2B Morgan Stanley Group Leaves to Form RIA
The Wichita, Kansas, firm will serve about 900 families in Kansas and work with Pershing Advisor Solutions.
Dynasty Financial Rolls Out Framework for Expanding RIAs
The partnership aims to help more advisors grow assets by taking on their growing back-office work.
Recruiting Roundup: Raymond James, Cetera Add Groups
Meanwhile, two RIAs merge to form group with $13 billion in client assets.
LPL Sees Big Uptick in Recruited Reps
A large number of advisors moved to the IBD from Cetera Financial, Advisor Group and other broker-dealers.
Recruiting Roundup: Dynasty Adds Group From Lebenthal
Meanwhile, several wirehouse reps help form a new RIA in Cleveland; Betterment adds a CFO and hits $5 billion in AUM.
LPL Cuts Prices, Account Minimums Ahead of DOL Fiduciary Rule
The independent broker-dealer also plans to offer a fund-only brokerage IRA to meet the new fiduciary standard.
RIA Aspiriant to Merge With $360M L.A.-Based Firm
This is the firm's second merger in the Golden State in the past four months.
Jefferson National Adds Chief Investment & Research Post
Thomas Quinn, CFA, joins the platform for 3,000 advisors from a boutique firm.
TD Ameritrade CEO Tomczyk to Retire; Board Taps Hockey as Replacement
Tim Hockey, to become CEO in September, is the head of TD Bank Group’s Canadian banking and wealth management business.