This distribution represents 39% of the remaining $507 million total assets in the fund as of Nov. 19. With the additional $200 million payout, Reserve will have returned $2.5 billion, or 86%, of the fund’s assets as of the close of business on Sept. 15, 2008.
Brokerages are too dependent on the billions they make every year from clients' uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
Two presentations at The American College of Financial Services' CAAFP discussed how successful careers in the industry require both technical and emotional skills.
One advisor calls the expected transfer a mirage; others say it may simply unfold more slowly and require more intentional planning.
RIA owners may feel a "moral dilemma" when considering selling their firms to private equity-backed acquirers. But that didn't prevent PE involvement from reaching a record high in M&A deals in the second quarter.
Trust protectors can help protect against irresponsible trustees and other dicey situations that could put grantors' wishes at risk, estate lawyers say.
In a webinar last week, Humanity Labs CEO Andrei Pop discussed "the transformative power" he said Mariner's new AI workforce will bring to the firm.
