U.K. mutual fund company
The merger is the result of
In addition to co-branding each of the funds, the integration of the two fund groups will include merging 14 existing funds into similar funds in the combined family. Another 10 funds in the combined family will undergo a further change in their names to better reflect their investment discipline.
Compensation differences between wirehouses and regional firms become pronounced at the $2 million production level, with regionals rising to the top of the pay scale and wirehouses grouping together at the bottom.
A report from the industry tracking-firm DeVoe & Co. finds that 2026 is off to the strongest start for RIA acquisitions ever and broker-dealers like LPL are among the main purchasers.
While the megabank had previously announced an executive shakeup, it revealed that Pershing is part of a newly combined business line moving forward.
When it comes to compensation, firms really start to distinguish themselves at the $1 million production level. Janney has become one of the lower payers in recent years, while RBC and UBS have signaled a greater willingness to work with these advisors.
CEO Brian Moynihan said the firm recruited twice the number of advisors it did a year ago and is making progress fighting advisor attrition.
Behavioral finance expert Tim Maurer shares how planners can adjust their language and approach to help clients move toward their goals.
