Aeltus Investment Management is expanding to the West Coast and opening an office in Los Angeles. The company is adviser to the Aetna Funds. The office will be headed by Yaniv Tepper, manager of the Aetna Real Estate Equity Portfolio. He will be joined by his assistant portfolio manager, Paul E. Adornato. The Aetna Funds are based in Hartford and have $49 billion in assets under management.
Nearly two-thirds of advisors surveyed this month said that internal training programs or workshops were offered by their firms.
The 260 advisors in Huntington's wealth unit will now turn to Ameriprise for brokerage, advisory and insurance services previously provided internally.
Even though advisors doubt it will pass, California's proposed billionaire tax is already reigniting residency and wealth planning conversations.
Financial advisor Drew Boyer turned an accidental acceptance from a fire chief into a successful niche serving firefighters and police officers.
Private equity-backed M&A activity has steadily risen. Owners may do great in a sale, but what about advisors lower in the organization?
With unfounded rumors spreading that Osaic was about to buy its rival Cetera, a Texas-based headhunting firm started calling advisors to see if they wanted to move. Other industry recruiters say that crossed an ethical line.
