Carmen Reinicke
Carmen Reinicke is a reporter for Financial Planning, On Wall Street and Bank Investment Consultant.
Carmen Reinicke is a reporter for Financial Planning, On Wall Street and Bank Investment Consultant.
The firm seeks to diversify investment risk for clients by combining six internally managed liquid alternative strategies. Plus; other launches.
The move comes at a bad time for the firm, which amid scandals and mounting regulatory scrutiny has lost more than 300 advisors in a year.
Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.
The move is the latest in trend of advisors leaving wirehouses for smaller firms.
The revamped toolset includes financial planning software and fraud and identity theft protection.
Advisors need to be aware of how the new tax law will affect high-net-worth clients across the country.