Industry

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

“If you decide to make the portfolio more conservative, make sure you have a plan — an exact plan — on when to come back,” an expert says.

There are currently no plans to replace the longtime wirehouse leader, whose responsibilities will be divided among other executives.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.

The alternative asset manager said it has $77 billion in cash, securities and other available capital, including uncalled capital commitments from clients.

The team caters to athletes, entertainers, and entrepreneurs.

Do RIAs still have a clear advantage when it comes to modern planning software?

They all spent over a decade at their former firm.

“I wanted to be able to walk in the door and only be able to answer to one constituency: my clients,” advisor Andy Ferguson says.

The firm will also pay a penalty and offer to buy back variable annuities the former broker sold to 21 other investors.