Portfolio

The wirehouse added a pair of veteran advisors from its rival after picking up several new hires in recent weeks.

“Astute RIA leaders recognize that now is an opportunity for growth,” says one advisor.

About two dozen advisors are using the software now, and the firm is making changes based on their feedback, an executive says.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.

A severe recession could be enough to completely wipe out the capital and surplus of four insurance firms as well as hobble a handful of others, the NAIC finds.

The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.

Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.

The firm allegedly didn't disclose its parent company paid a teacher union entity $10,000 a month “for its exclusive endorsement” as its preferred financial services partner, according to the regulator.

Despite growing to about $1.1 trillion in AUM, senior executives made a series of bets to keep pace in a changing industry that have yet to pay off.

Trading under the ticker EFIV, the fund will exclude companies involved with tobacco-related products and weapons.