But Greggory Warren, a Morningstar analyst, told The Journal News that the relatives serving on the board might give Gabelli too much sway. This is not necessarily the kind of thing we like to see, Warren said. Youd like to have independent board members and people who are knowledgeable about the industry the company compete in, so that they can add their voice to the conversation.
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Financial advisors report a variety of pros and cons with either setup, and experts say the decision comes down to highly particular factors at each advisory practice.
9h ago -
The ex-Nitrogen CEO's new company, which plans to launch its first products in the fall, commenced operations Jan. 2 in Boise, Idaho, after raising $5.5 million in capital.
June 24 -
Quinn's technology could open personalized financial planning to clients who long weren't on advisors' radar screens.
June 24 -
Older Americans are worried about when to claim Social Security. Financial advisors need to have much different conversations with their younger clients.
June 24 -
Patrick Funke & Associates' decision to join Commonwealth Financial Network suggests that despite its pending purchase by LPL, Commonwealth still appeals to advisors seeking a smaller setting.
June 24 -
Roughly 200 advisors at the firm are being named "founder specialists" for their track record helping entrepreneurs do everything from set up employee-benefit plans to take their firms public.
June 23