A former worker of
The Des Moines police have issued a warrant for the arrest of Paul N. Germain, 62. If convicted, he faces up to 10 years in jail.
According to the police, Germain had been siphoning money from the accounts since 1997 and the company didn’t find out until a recent audit.
Terri Hale, a spokeswoman for Principal, said that Germain no longer works at the company and that all of the money had been replaced in the shareholder accounts.
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.
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
