Ladenburg Thalmann to Acquire KMS Financial Services
Recruiter Jonathan Henschen said the deal surprised him but makes sense given Ladenburg's reputation for keeping acquired BDs intact.
Managed Accounts Could Be Made Safer for 401(k) Investors: GAO
The DOL will consider GAO recommendations to require more disclosures and better guidance for retirement plan sponsors from managed account providers.
Ladenburg Thalmann Buys Insurance Brokerage Highland for $42M
The acquisition of Highland gives Ladenburg's independent advisors greater access to insurance solutions for clients.
Securities America Buys BD Assets From Kansas City Life
The deal with Sunset Financial Services Inc. is expected to add 268 reps and about $2.4 billion in client assets to Securities America.
Securities America to Add 60 Reps, $950M in Assets
CEO Nagengast says the firm is eager to strike more deals with smaller broker-dealers.
On Same-Sex Couples’ Money Matters, Confusion Reigns
Many same-sex married couples don’t talk about money, and many need advice on new laws, Wells Fargo says.
SEC, FINRA Enforcement: SEC Freezes Assets of Fugitive Investor in Fake Gold Bid
In other actions, a judge denied Houston hedge fund manager George Jarkesy Jr.'s plea to dismiss the SEC's fraud case against him.
20 Best & Worst States for Military Retirees
A WalletHub study determines the best places to retire from the military, even if you don’t retire from working.
Top 10 Richest Prep Schools for 2014: Biggest Endowments
The Andovers and Exeters of the world use huge funds to pay for operations and tuition.
How to Convert Social Media Conversations Into Sales
A Northwestern Mutual rep's story provides insights into using social media to deliver "soft openings" to prospects and to create a stream of referrals.