Thornburg Management Co. of Santa Fe, N.M., has added hyperlinks to the web sites of all of the companies in its Thornburg Value Fund stock portfolio. The goal is to provide as much information to the investment management community as possible, according to fund manager William Fries. "Investors and financial advisors are best served by having the best information available to them, including information obtained directly from the corporations," he said.
With about 41 million American workers lacking access to a retirement plan through their jobs, experts say advisors could play a pivotal role.
The Taylor Group of Wells Fargo Advisors is led by nine advisors, all of them relatively young and many of them siblings.
As judges have shown in other recent cases involving UBS and Stifel, firms have a high bar to clear if they want an arbitration award vacated.
In an unusual development, LPL saw its advisor total decline slightly in the first quarter. And client assets brought in through advisor recruiting were down 55% year over year.
Still, the number of widows who leave advisors is three times higher than the industry average. It doesn't have to be that bad.
The new money will be used primarily to pay off investors who provided capital when Reverence first bought a majority stake in the former Advisor Group in 2019.
