The company will not comment on Macaskills departure, according to Greg Stitt, a spokesperson for the company. Macaskill, a well-known industry executive, joined
Murphy was named president and COO of
Both
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
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Ameriprise's proposal to raise CEO James Cracchiolo's total compensation by 8% would put him far ahead of many of his direct counterparts at regional firms.
Commonwealth was hit with the landmark penalty over its advisors' mutual-fund recommendations the year before its acquisition by LPL Financial. But it will pay only a fraction of that now.
A new study finds that the industry's efforts to recruit more women is paying off — but it will take further investments to reap the potential business opportunities.
Oil-driven volatility is fueling client anxiety, but advisors say steady messaging helps keep clients invested.
