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CEO Sergio Ermitto said "buybacks have been demonized way too much."

A court ruling may also potentially help dozens of other advisors in their efforts to claim what they say is millions in deferred compensation they are due.

The chief executive outlined a future where offices need not be fully staffed.

Ian Jeffrey is CEO and Co-Founder of Breathe Life, a software-as-a-service technology company whose platform helps insurance carriers digitize their offerings and reach, engage, and service clients more effectively across distribution channels. He is also an entrepreneur with 20 years' experience in Silicon Valley and Montreal and has served as an Advisor and Angel Investor to many early-stage startups.

Mike Santomassimo is succeeding John Shrewsberry, who has held the role for the past six years.

Randy Johnston is a shareholder in K2 Enterprises LLC and owner of Network Management Group Inc. Reach him at (620) 664-6000 or randyj@nmgi.com. William Thompson, CPA, RPLU, is president of CPA Mutual, a provider of professional liability insurance for CPA firms and consultant on risk management regarding professional services, employees and data security. Reach him at bthompson@cpamutual.com.

The $217 billion alternative asset manager reported its biggest loss as a public company in the first quarter.

Financial practitioner Aaron Brown takes a look at the logic behind modern day 401(k) plans.