Stilwell attributed the decline in its net income to fewer assets under management.
"The equity markets have continued to provide great challenges to all of our operations," said Landon Rowland, chairman, president and CEO of Stilwell, in a statement. "These challenges, however, will offer unique opportunities for our managers and colleagues, as many stocks are trading at their lowest levels in recent years. [We] are focused on [our] efforts to capitalize on these opportunities."
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.
