Industry

The “breadth and depth of relevant resources” from the home office serve as a critical differentiator, Cerulli says.

The brokerage ranks shrank by 258 from the year-ago period.

"If our profession truly cares about the well-being of our clients to the extent that the profession professes, then we need to swing this pendulum in the other direction," Elwyn says.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

Former CEO Mark Casady disclosed in arbitration testimony what led to the firing that resulted in a $30 million claim against the firm.

Tom Thives, a 34-year industry veteran, will head up the firm’s offices in New Jersey.

The payout brings the distribution to more than $1.2 billion, a fraction of the more than $50 billion scam.

The firm pulled in 11 new advisors in the first quarter of 2018, building on the 65 brokers hired last year.

Addressing the subject of mortality can be tough — but advisors can help make the conversation less painful.

Should advisors and brokers have plain-English job descriptions and be required to work in their clients’ best interest? Commissioners will vote on whether to move ahead with key proposals.