UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
Top 10 States With Fairest Taxes
WalletHub compared tax data with taxpayer sentiment to find which states have the fairest tax system.
The Dumbing Down of the Financial Services Industry’s Future
American education is in crisis, and the effects will be felt by the advisory industry.
CFP Board Sanctions 2 More CFPs Over ‘Fee-Only’ Comp Status
CFP Board has issued public disciplinary actions against two CFPs for misrepresenting their compensation method as "fee-only."
SEC, FINRA Enforcement: Philly Firm to Pay $21M for CDO Fraud
Meanwhile, FINRA fined a Georgia firm for failing to notice that one of its brokers was receiving wire transfers from a dead client.
Daley to Head Strategic Growth at Raymond James Advisor Division
Daley joins Raymond James’ Investment Advisors Division from Fidelity; Hedtke succeeds Carsten Quitter, who will join Allianz in Italy as chief investment officer.
Which Wirehouse Tops LPL’s List of Recruited Reps?
The independent broker-dealer is adding a sizable number of teams and advisors from one firm in particular.
ABLE Act Passed, but Many Questions Remain
For states deciding whether to host or contract a qualified disability savings account program, there’s a lot to consider.
New Hire Roundup: Ex-CBO Chief Elmendorf Back at Brookings
Meanwhile, Royal Alliance adds Quincy Group; MarketCounsel beefs up staff with three new lawyers.
New Hire Roundup: O’Connell Named Chief Risk Officer at Phoenix Cos.
Meanwhile, The Angel Capital Association elected Christopher Mirabile as chairman and Linda Lorraine Smith as vice chairwoman.