On Wall Street's 40 Under 40
November 23, 2009 12:00 AM
#4
Gregory Cash
#1
Teammates James Odurczuk and Ross Dolgoff from Bear Stearns/JP Morgan, Boston
#3
Derek Johnston
#5
John Batista Bocchino
In a record-setting bull market, the products offer investors a straightforward way to protect against downside risk. But not all financial advisors are convinced of their utility.
Also this week, the tech-driven RIA Farther boosts its AUM total to over $13 billion with a recruiting blitz, Mercer adds an RIA with more than $1 billion in assets and Cresset fills out its C-suite.
What was once largely a source of referrals for outside professionals is moving in-house for financial advisors in many cases. Here are some examples.
CEO Rich Steinmeier reiterated LPL's goal to retain 90% of Commonwealth's assets and headcount while listing reasons why advisors might think twice about leaving to start their own RIAs.
The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company's growth for seven years.
The American College of Financial Services and RISR are collaborating as a BNY Wealth report showcased the planning complexities of owner succession deals.
