HighTower Adds $500M Group from UBS, Merrill: Recruiting Roundup
RBC grabs all-female UBS team, LPL attracts hybrid group, Cetera shares board news, and Wells Fargo promotes execs.
White House Unveils Trump’s First Tax-Cut Bid, Corporate Rate of 15%
Tax plan calls for shift to territorial system for companies; top individual tax rate would be cut to 35% from 39.6%.
Personal Capital Has a New CEO
Bill Harris, who founded the firm, remains chairman; Jay Shah, who was its COO, becomes CEO.
‘No Evidence’ DOL Rule Is Hurting Recruiting: Raymond James
Though Morgan Stanley says the fiduciary standard is slowing advisor movement, the independent advisor group begs to differ.
Trump’s 15% Business Tax Seen as ‘Gambit’ as He Unveils Plan
The 15% tax would apply to corporations and pass-through entities, which could create an incentive for some to create such entities for tax purposes.
3 Trends Advisors Need to Watch
Author and former presidential advisor Pippa Malmgren lays out what's happening in the global economy at Raymond James' national event.
Financial Planners Fight Spending Bill Rider That Kills DOL Rule
The Financial Planning Coalition moves against other industry players who are "aggressively advocating" for a rider that would prohibit DOL from implementing the fiduciary rule.
Schwab Makes New Ad Push as Assets Near $3 Trillion
The new commercials focus on how indie advisors working with the firm serve high-net-worth investors.
Ameriprise to Buy $8B Broker-Dealer With 200 Reps, Tops Earnings Estimates
The firm is picking up a group with about 200 advisors who serve banks and credit unions.
Raymond James’ National Event to Highlight DOL Fiduciary, Politics & Markets
The yearly conference for its independent advisors takes place this week in Orlando.