Wellington will sub-advise the fund, with Paul E. Marrkand as lead portfolio manager of the three-person portfolio management team. Marrkand, senior vice president at Wellington, has 28 years of investment experience and has managed the strategy since 2005. Transamerica will handle distribution, which will take place within the financial institution, wirehouse and independent planner channels.
Industry compliance experts say there are few more complicated decisions than knowing when to leave a firm and start your own advisory practice. The government shutdown is making it worse.
Recent headlines may illuminate why this sector is particularly volatile, but advisors say they have been instructing clients that not all health care funds are created equal.
Much like deciding the right client headcount, choosing whether to fire a customer or turn away new business represents an important step in a firm's development.
Despite a slowdown in advisor recruitment from the first half of the year, Stifel managed to achieve record revenue for the third quarter.
Dynasty Financial Partners' investment bank joins Diamond Consultants to help departing teams vet transition options, whether that's joining another wirehouse, selling to an RIA aggregator or starting their own business.
As Financial Planning's AI Readiness Survey showed, most advisors aren't concerned about their own jobs. But others aren't so sure.
