In response to critics, most notably the
“Now that we have had a chance to review the recently released mutual fund governance studies, the justification for an industrywide experiment seems even more tenuous,” SEC Commissioner Paul Atkins told the
In response to critics, most notably the
“Now that we have had a chance to review the recently released mutual fund governance studies, the justification for an industrywide experiment seems even more tenuous,” SEC Commissioner Paul Atkins told the
Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
The accusations led to the end of 16 years at the firm.
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.