Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.
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Chief Investment OfficerMomentum AdvisorsJune 29
PresidentProcure HoldingsJune 24
Some of the industry’s biggest players are taking a wait-and-see approach as active, non-transparent funds take their crucial first steps.July 2
Instead of a sale, Orion’s private equity backers are reinvesting to help grow the company’s presence in the TAMP marketplace.July 2
Those who don’t pay them back could lose up to 45% of their potential savings.July 1
The manager is still recovering from losses that started in 2015, when his main fund fell 20%, and deepened with a record 34% decline three years later.July 1
The central bank is now the third largest holder of the $54 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).July 1
Data, Research & Multimedia
Wealth management firms should define success by how well their operations perform under pressure, Kestra Financial COO Kris Chester says in an episode of Financial Planning’s podcast.
For the first time, the ranks of the top 25 firms according to their annual business include single entries for IBD networks.
The number of pending sales dropped annually in 17 of the top 35 metro areas, data show.
Billion-dollar teams are voting with their feet. Here’s where they are going.
400 advisors, $26B in client assets: Massive breakaway RIAs show competitive recruiting fight in indie channel
LPL has reeled in about half of the reps changing their BDs so far this year, but the full RIA channel is also reaping big gains. Plus, other news in the indie space.
Here's how the largest groups have fared during unprecedented market activity.
The funds had posted gains over the past decade, but have suffered losses amid this year's coronavirus-driven volatility.
"It's now June and if you’ve been on a deserted island for the last five months you couldn’t have fathomed the movements we’ve seen," an expert says.