Lebenthal Selling Asset Manager, Brokerage Stake to South Street
Alexandra Lebenthal to retain majority stake in broker-dealer; former Barclays CEO Diamond is among South Street investors.
Hearing for Trump's SEC Nominee Set
Securities and Exchange Commission Overpayment Credit Act also among five bills to be marked up Thursday by Senate Banking Committee.
Who’s Moving to LPL?
The number of reps joining the firm was way up in the fourth quarter, but new assets are not showing a similar spike.
Fidelity Names David Canter to Head RIA Channel
Fidelity’s practice management executive will replace departed Bob Oros; Matt Chisholm to assume Canter's duties in consulting and practice management.
3 Things Firms Must Do to Dominate Digital: State Street
To be digital leaders, financial firms need to focus on integration, integrity and intelligence of their data.
Recruiting Scene: Wirehouses Lose a Few, Win a Few
Focus adds a breakaway group, Raymond James picks up a trio, and Morgan Stanley nabs a high-net-worth team.
Pimco’s New Bond Chief Is Nailing It
His $75 billion fund eclipses one formerly run by Bill Gross; low-key Dan Ivascyn makes contrarian bets in a tumultuous year.
Dynasty Lands $750M Wirehouse Group in Houston: Recruiting Roundup
Meanwhile, Ameriprise shares the names of its newest advisors; GW&K announces the names of recently tapped partners.
American College Starts Black Broker Scholarship Program
The fund aims to boost the share of advisors who are African-American, which is now less than 8%.
Fidelity Exec Named to Trump's Economic Team
Chief Economic Advisor Gary Cohn taps Shahira Knight, 12 others to work on tax reform, retirement, jobs and economic growth.