Organization Root Tag

Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know

In a sign of long term changes and pivotal questions for the industry, the difference between the amount of fees and commissions in the sector has nearly doubled.

Funds that follow a similar approach lost 5.1% over the period, according to Hedge Fund Research.

Advisor Antoine Souma, who leads the group, had been with the wirehouse for just four years.

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.

The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.

One recruit left an IBD to join the wirehouse.

They left Merrill Lynch and Wells Fargo to join their new firm.

Mass exodus from the market has forced managers to dump securities to raise cash, sending prices tumbling the most in at least four decades.

Its rivals have been building out their own insurance arms in recent years and have brought on executives who can help them attract more business.

The rep defrauded clients with promises of a “lucrative investment” tied to the popstar that would also “help needy people,” according to regulators.

The Labor Department’s short comment period is one reason to get up to speed, fast.

The leaders raked in a combined $949 billion over the past decade.

The bank’s home city of Toronto boasts a population that is more than 50% foreign-born, but there is little diversity in the upper echelons of its financial firms.

The survey's perennial champions scored higher than competitors like Wells Fargo, Ameriprise and LPL on every metric.

The leaders Bowersock Capital Partners were academia-bound before discovering wealth management was their true calling.

A “distribution bump” from the commission-free trading trend that took hold late last year may be behind the surge, analysts say.

Some of the defecting advisors had been long-time advisors at their former wirehouse before making the move.

Amy Cooper, who was fired from her job as head of insurance investment, could face up to one year in jail, three years of probation or a $1,000 fine.

Jacob Gottlieb, whose $8 billion fund shuttered amid an insider trading scandal two years ago, received a $150,000 to $350,000 loan for his new shop.