12 Best States for Adjusted Advisor Pay
Low cost of living often offsets lower advisor pay in some states, while in other states high pay offsets high cost of living.
Frustrated States Push to Fill Small-Business Retirement Gap
Seventeen states are at some stage of legislating state-administered plans that hope to deliver retirement plan access to small employers.
ERISA’s Midlife Crisis
On ERISA's 40th birthday, a growing chorus of voices say the landmark retirement income security law needs an overhaul.
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.