Lexington Global Asset Managers of Saddle Brook, N.J., adviser to the Lexington Group of Funds, has filed a preliminary proxy with the SEC, asking investors to approve the creation of multiple share classes on the funds. Lexington is being acquired by ReliaStar Financial Corp. of Minneapolis, which in turn is being acquired by ING Group N.V. of Amersterdam, The Netherlands.
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.
