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“We all agree a conflict could arise in the future,” Schweiss says. “There are ways of potentially dealing with that.”

The firm is finding it harder to squeeze more profit out of its wealth management business.

The latest move is part of the regional broker-dealer’s western expansion, including teams in Colorado, Arizona and Oregon.

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The firm added its 16th office this year, part of its bid to attract talent from rival firms.

Mark McKee is the president and COO of OnPay, an HR and benefits software company.

Industry trends and succession planning prompted the enterprise to leave Advisor Group’s FSC Securities, according to the partner-brothers of the Nettuno Group.

The U.S. minted more than than half the world’s new millionaires last year as investments in equities and tech stocks propelled assets higher.

Since 2011, when Occupy Wall Street protesters rallied under the slogan “We are the 99%,” the income threshold for the top 1% is up an inflation-adjusted 33%.