“We think there would not be a benefit to selling the company because we operate as a relatively standalone operation [from parent company
Of particular note, Pozen said, since a new management team was put in place three years ago, MFS’s assets have increased 50% to $200 billion. The firm’s profits also increased 38% in the first quarter to $61 billion.
“We’re feeling pretty good about it,” Pozen said.
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.
