Lebenthal to Exit Wealth, RIA Business
The closing follows the departure of YorkBridge Wealth Partners, a group with $750 million in assets that moved to Dynasty.
Recruiting Roundup: Raymond James, Cetera Add Groups
Meanwhile, two RIAs merge to form group with $13 billion in client assets.
Cetera BD Adds President for Robo-Push
As president of Cetera Financial Institutions, LeAnn Rummel will be in charge of efforts to offer robo-advice to banks and credit unions.
FINRA Floats Rule Changes on Gifts, Noncash Comp
The proposed changes "make sense" as some of the current rules, especially on business entertainment, are "too subjective," Cipperman Compliance Services says.
Stifel’s Profits Crash in Q2 Despite Wealth Growth; Ladenburg Results Weaken
Stifel Financial is getting rid of the indie reps it bought from Sterne Agee, but holding on to the ex-Barclays reps.
Top Portfolio Products: New Bond, Macro and Real Estate Funds
The new fund sponsors are American Funds, Franklin Templeton with K2 and CAPFUNDR with Hamilton Real Estate Capital.
ABLE Accounts: What Advisors Need to Know
These tax-advantaged accounts to help finance the daily needs of disabled people may not make advisors money but should not be ignored.
How Advisors Can Get Referrals From Millionaire Clients
It's not just about accentuating the positive; it's also about eliminating the negative, a Fidelity study says.
Recruiting Roundup: Big Groups Move to Focus, Kestra & Raymond James
The shifts come as the teams end affiliations with Wells Fargo, Transamerica, LPL Financial and Cetera Investment Services.
Securities America to Pay $1.5M for Fund Overcharges
The broker-dealer "disadvantaged" 1,514 clients who were eligible to buy share classes without extra charges, FINRA says.