The stable asset advisory and consulting unit of Laughlin Group of Companies of Beaverton, Ore. is merging with Dwight Asset Management of Burlington, Vt.
Dwight Asset Management, a unit of United Asset Management, manages stable value funds for defined benefit and defined contribution plans. Terms of the deal were not disclosed, but the acquired unit will remain in Oregon but move to nearby Portland. The Laughlin Group is a subsidiary of Allstate Life Insurance Co.
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.
