Leon Levy, 77, founder of Oppenheimer Funds and chairman of the fund's New York board has retired. Effective on the first of this month, Clayton K. Yeutter, a trustee of the New York Board for more than two decades, will assume chairmanship. Currently, Yeutter is a counsel to Hogan & Hartson, one of the nation's largest law firms. He was a U.S. Trade Representative in the late 80's and U.S. Secretary of Agriculture in the early 90's. Earlier in his career, he was president and CEO of the Chicago Mercantile Exchange.
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Yes, AI is saving many advisors time and helping them reach prospects. But some say the rapid rate of adoption and automation could put them out of a job in the future.
December 12 -
Brett Griffin was given two months' notice that he would lose his job when Charles Schwab closed the office where he was working in Temecula, California. Now the firm accuses him of using some of that time to help move client data to a rival RIA.
December 12 -
Troy Von Haefen once shared a stage with Lee Ann Womack. Now he's built a financial advising firm around his Nashville connections.
December 12 -
Steve Lockshin and Michael Kitces tied what they view as some mistaken assumptions around fees to the competitive need for more estate planning services.
December 11 -
Also, Independent Financial Partners secures a $700M team from Commonwealth/LPL, and NewEdge Capital names a new CEO.
December 11 -
Paid sabbaticals, employee ownership and a philosophy-first culture have helped Bailard top this year's Best RIAs to Work For list.
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