While New York Attorney General Eliot Spitzer said the practice of late-trading and market timing that he discovered in the Canary Capital Partners case is widespread throughout the mutual fund industry, some of the biggest names in the industry have yet to be contacted by his office, Dow Jones reports.
A spokeswoman for
Other firms declined to answer whether they have been subpoenaed by the attorney general. They include
RBC's U.S. wealth business also benefited from a surge in loans to clients.
Equipping advisors with both soft and hard leadership skills can not only give them a morale boost, but also encourage them to stick around.
Gryphon Wealth will keep Wells Fargo Clearing Services as its custodian in a deal that brings in tech support from TradePMR, a firm acquired by Robinhood in 2024.
If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.
Subscribers to Financial Planning can earn one continuing education credit toward recertification by successfully completing the 10-question quiz.
Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.
