Since, Connelly hasn't slept much. You can hear the strain in his voice, a deep voice that crackles and is scratchy with fatigue. Under Connelly's direction, the firm has taken steps to keep the pressure of the media away from its workers, some 235 people who occupy offices in the Morristown building and another facility in Jersey City. Employees are not allowed to speak to the press unless they talk with a public relations executive first. That has always been the policy, but it has taken on new meaning during the last month. There is little strain on the staff, he said, because "we've been careful not to let that happen. It helps keep people concentrating on their jobs."
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A decade after the SEC first raised concerns about outsourced CCOs, the model is growing. But the fundamental tension remains: How many firms can one person truly oversee, and at what risk?
1h ago -
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
March 24 -
Subscribers can earn CE credit toward industry certifications by successfully completing and submitting the latest continuing education quiz.
March 24 -
Ameriprise's proposal to raise CEO James Cracchiolo's total compensation by 8% would put him far ahead of many of his direct counterparts at regional firms.
March 24 -
Commonwealth was hit with the landmark penalty over its advisors' mutual-fund recommendations the year before its acquisition by LPL Financial. But it will pay only a fraction of that now.
March 23 -
A new study finds that the industry's efforts to recruit more women is paying off — but it will take further investments to reap the potential business opportunities.
March 23









