Industry

Former retail brokerage head David Kowach is moving to the consumer bank.

“Do yourself a favor and start saving early,” an expert says.

One advisor has worked at Securian for his entire career.

At least two clients said they received calls from the advisor where he discussed his departure from the firm, according to the complaint.

Lightyear Capital sold its majority stake in Wealth Enhancement Group to another wealth management industry entrant.

Because of bank sweeps, veterans and their families' accounts will default to a 26-basis point APY on cash — down from the 1%-2% returns they were getting from money market funds.

Withdrawals have topped $17.2 billion this year as investor money shifts to low-fee products.

The freshly recapitalized firm is offering succession services without any custodial or affiliation requirements.

The certifying body says it will no longer rely on advisors’ reports and it is convening a new task force to modernize enforcement.

Successful firms reveal how they appeal to wealthy prospects — and elite advisors.