The program, called BankOxygen, will allow independent financial institutions to private label the funds. The program, which was launched in October, has been used by institutions to execute more than $1billion in fund transactions, the firm said.
The new program offers the fund companies another source of distribution and allows banks to expand their product lines using their own private labels, said Robert Oxenburgh, CEO of FinancialOxygen.
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.
