Economy

The worker, who tested positive on Monday, and colleagues in close contact with the person are in self-quarantine.

The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.

In a cut throat market, the RIA can now offer cash for M&A deals.

“It’s like shopping on Amazon for real estate,” says one investor. But clients pay a premium for the access and convenience.

Four of new hires are former wirehouse advisors.

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

New hires follow two big additions last month that had AUM topping $2 billion.

The custodian is introducing a subscription fee and zero-commission model for advisors.

Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.

RIAs already on the platform can stick with the old pricing model or transition to the new one.

It’s a short move for the advisors; only four blocks separate their old office from their new digs.

LPL’s continuing major poaches from rivals make up only one of the kinds of ways that firms are vying to attract and retain advisors.

The new recruits are not the first to trade in the wirehouse for the regional broker-dealer.

Five years of alleged promises, checks that never arrived, and a mysterious employee named “Tryg Nederloe” add up to a bizarre saga with wide ramifications.

For planners who embrace the potential to provide these services, it can be a natural next-generation service offering.

That would be a big “no,” in most cases, according to FINRA, but gives rise to another question…

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

RIAs should begin the selling process by visualizing their ideal situation, investment banker and consultant David DeVoe says in an episode of Financial Planning’s In|Vest Podcast.

The custodian’s Liberty platform and “intimate” service are now likely to rest in the hands of a wirehouse.

The firm lost talent to rival B. Riley Wealth Management.