In the At Deadline section of the Nov. 27, 2000 issue of Mutual Fund Market News, OpCap Advisors was incorrectly identified as a subsidiary of OppenheimerFunds. OpCap Advisors is a subsidiary of Oppenheimer Capital, which is wholly owned by PIMCO Advisors and is unrelated to the Oppenheimer Funds. We apologize for the error.
The second-largest asset custodian tilts its policies toward larger firms as commission-free trading continues to eat into its business safeguarding client assets.
Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
New rules taking effect next year will require CFPs to earn more credits to maintain certification; FP subscribers have access to a library of more than a dozen CE quizzes.
The new platform looks to personalize both client and planner profiles to create better matches and relationships.
In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
