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Most Capital Group portfolio managers have at least $1 million of their own money in their funds.

CEO Sergio Ermotti has resisted pressure from some investors for large-scale layoffs, opting instead for smaller cuts with less impact on morale.

Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.

The regional BD has approximately 1,800 advisors.

Sarah Arvin, chief marketing officer at Urjanet

The advisors are the latest in a string to jump from a wirehouse to a regional BD.

The IBD network has an inside edge for ensuring advisors are ready if equities suffer a sustained fall, according to its president, Adam Antoniades.

More money has been pulled from hedge funds than added over the past four quarters, while ETFs reeled in $312 billion last year.

Brett Cotler is an associate in the Taxation Group at the law firm Seward & Kissel LLP. He advises investment funds, their managers, high net worth individuals and public and private companies on U.S. federal income tax matters, including partnership, corporate and international tax matters. He advises on business transactions, securities offerings, structured finance, and joint ventures from a tax perspective. He can be followed on LinkedIn and reached at cotler@sewkis.com.

Across Wall Street, questions are flying about how the wirehouse has handled the biggest U.S. IPO of the past five years.