Economy

Funds of funds, pensions, consultants, family offices and endowments have pulled $16.4 billion from generalist long-short equity funds this year.

Charles Scharf will replace interim chief Allen Parker at the bank.

Certain locations can help clients maintain their lifestyles — or even improve them.

Triad Hybrid Solutions has added 31 advisors and $1.3 billion in AUM since the beginning of last year.

CEO James Poer seeks a different approach from rivals under the IBD’s new ownership.

The new advisors have joined the firm from rivals including Wells Fargo and Morgan Stanley, according to an internal memo.

Gurinder Ahluwalia, CEO of 280 CapMarkets, outlines new bond-trading infrastructure for wealth management, along with his argument for why fears of PE capital are unfounded.

Although the average rent in some cities sits well under the thousand-dollar mark, in others, figures above $4,000 are standard.

No RIA has ever custodied with TD Ameritrade when opting into the Dynasty Network.

The breakaways join 72 others who moved their practices to the firm in the second quarter.

The solo practitioner is becoming an endangered species as firms concentrate on tailoring tech for mega teams.

Atria Wealth Solutions firm Sorrento Pacific recruited a half dozen new advisors in the acquisition and succession-fueled move.

Other custodians are skeptical that financial planners want the tool in the first place.

The employee and independent BD collected excess UIT commissions and failed to properly review inactive accounts, the regulator says.

The wirehouse is ballyhooing once below-the-radar hires. Now it should rejoin the Broker Protocol.

Some advisory firms are rethinking whether absolute independence is still the best — and most cost-effective — option.

While an asset protection trust can cover nursing home care expenses in retirement, growth of these investments can trigger a tax bill.

The No. 1 IBD will roll out the new option for advisors as it competes with other firms in its sector, platform providers and consolidators.

The private equity-backed IBD and its breakaway channel added teams managing $380 million in client assets.

The No. 1 IBD’s Focus conference drew 4,000 advisors, but it faces friction ahead in its ongoing expansion.