Industry

So, you are working in a wirehouse now, how does independence look for you if you launch your own RIA?

Just as the cobbler's children go without shoes, two-thirds of independent advisors ignore succession planning. Such advisors could fall into an “annuity trap,” watching the value of their business degrade as they near the exit from their practice.

LPL Financial has added well-known wealth management firm MACRO Consulting of Parisippany, N.J., with $650 million in AUM and five advisors, who left independent broker dealer SII Investments for its larger rival.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

Broadridge Financial Solutions has made two executive appointments to fill out its management team.

The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.

If there is a constant in the investment advisory landscape, it’s change. And few things are changing faster than the independent sphere.

It is “a fantastical suggestion” that the bank and its management knew and approved of Adoboli exceeding risk limits, prosecutor Sasha Wass told the London jury in closing arguments Thursday.

Evercore Partners Inc., the advisory firm founded by Roger Altman, agreed to purchase Mt. Eden Investment Advisors LLC, a San Francisco-based wealth manager with $645 million in client assets.

Legacy Wealth Planning announced Wednesday that it hired Mark Elston and his team of financial advisors.