Amvescap benefited from the ongoing speculation amongst dealers during Thursday trading in London, just one day after the firm announced a reduced dividend for the fourth quarter. On Wednesday, in the wake of the firms giant $451 million settlement with U.S. regulators over abusive market-timing arrangements at its two units, Amvescap announced that it would pay only half the dividend it had the previous year.
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.
