The new staff will allow the firm to get more aggressive in the small 401(k) plan sponsor market fewer, company officials said. The firm also plans to use the additional staff to gain further distribution through fund supermarkets.
In addition, Armada will likely expand its alternative investment product offerings in the coming year, possibly adding a real estate fund and private equity products such as leveraged buyout funds, officials said.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
