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The SEC barred an RIA from the industry after the firm was charged with misleading investors -- including falsely claiming that its fund was "SEC approved."
February 11
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The firm has made lending and deposits a greater part of its strategy as it seeks to generate more revenue from brokerage clients.
February 11 -
Seeking to bolster its team after co-founder Bill Gross left last year, Pimco announced it hired Joachim Fels as global economic adviser.
February 11 -
"[W]e made a carefully thought-through decision to remain a private company and to retain our independence," said Eric Clarke, CEO of Orion Advisor Services, one of NorthStar's subsidiaries.
February 10 -
Morgan Stanley lost an advisor producing $883,200 in annual revenue to Merrill Lynch.
February 10
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Quarterly profits were down 15% year-over-year due to higher expenses at the firm's U.S. wealth management unit.
February 10
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A former RBC team that managed $200 million in client assets has signed on with Raymond James' Los Angeles office.
February 9
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John Carroll affiliates with hybrid RIA Independent Financial Partners and partners with retirement division Pensionmark.
February 9 -
No clarity on how regulators will decide to handle fiduciary standard proposed for broker-dealers, Schapiro said.
February 9 -
Following the success of her latest album and landing three Grammy nominations this year, the megastar's net worth is in the untold millions. With a Merrill Lynch advisor for a father, it begs the question: who is advising the pop star?
February 9
