Industry

Some of financial advisors' biggest preconceptions about switching to the RIA space -- from worries about insufficient AUM to fears about lower earnings and complex technology requirements -- were highlighted in a new report from TD Ameritrade. But the biggest myth, say advisors, is one that didn't even make the list.

Building your own business, even with a team of experts behind you, requires making tough decisions regarding resources, clients and employees. But most of all it requires leadership. Dynasty's CEO Shirl Penney offers a few lessons his firm has learned as it continue to build a business.

After LPL Financial agrees to pay FINRA case, compliance expert says there’s ‘no legitimate excuse’ for email missteps.

Pioneer Investments has named Jonathan Chirunga as a portfolio manager on two Pioneer open-end municipal bond funds: Pioneer High Income Municipal Fund and Pioneer AMT-Free Municipal Fund.

RBC Wealth Management picked up a former Morgan Stanley broker with $65 million in assets.

VTL Associates, an independent investment advisory and consulting firm based in Philadelphia, has received an infusion of capital from Chinese venture capital firm, Suzhou Industrial Park Kaida Venture Capital.

Direxion has added another member to its sales team.

The Securities Industry and Financial Markets Association named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer.

"I think to just look at numbers on Wall Street and say, 'It looks like it's struggling' -- it's contracting in a very healthy way," said fomer Morgan Stanly Executive Bob Auer. "It's almost like a big fat guy that is losing weight. To say, 'Oh, he's just not the same guy…' No -- he's getting healthier and better."

BMO Global Asset Management continues to expand its Retirement Services teams while keeping an eye out for more potential hires.