The board of trustees of GE Financial Assurance of Stamford, Conn. has approved a plan to cut the 12b-1 fees on its Class A shares from 50 basis points to 25 basis points and to launch Class C shares on all 17 of its funds. If the SEC approves GE's June 25 filing, the fee cut will take effect Sept. 17 and the C shares will be introduced Oct. 1.
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.
