News Roundup

News Roundup (486)

Ken Fisher's Lewd Comments Still Causing Withdrawals

Chicago’s police pension fund is yanking $67 million from Ken Fisher’s advisory firm, bringing the total amount of institutional assets that have been pulled from the firm to about $3.9 billion in response to the lewd remarks that the executive made regarding women. So reports Financial Advisor.


Ex-Stock Broker, Boyfriend of Missing Woman, Arrested

A former Staten Island stock broker was arrested when police, searching his cellphone while seeking clues in the disappearance of his girlfriend, discovered child pornography. So reports


Shares of Ladenburg Thalmann Rally on Merger News

Shares of Ladenburg Thalmann rallied 20% in a single day following news that the broker agreed to merge with wealth manager the Advisor Group. So reports The Motley Fool.


Potential Financial Planner Shortage Can Be Averted

According to Cerulli Associates, 40% of financial planners will retire in the next 10 years, but taking action to promote the profession among college students could help avert a potential shortage of advisors. So reports CNBC.


Advisor Group Courting Ladenburg Thalmann

Ladenburg Thalmann, a network of IBDs with about 4,400 financial advisors, is reportedly in negotiations to be purchased by the Advisor Group. So reports Barron’s.


Ken Fisher Previously Made Inappropriate Comments

Ken Fischer, a billionaire money manager, has recently come under the spotlight for making sexist comments, but a review of his social media account has found that he had made inappropriate comments prior to his recent statements that have caused some clients to yank assets from his firm. So report Forbes.


Court Gives JP Morgan Broker Second Shot at Arbitration

The U.S. Court of Appeals for the Ninth District has ruled that former JP Morgan Chase broker Bradley Sayre will get a second chance to arbitrate his wrongful dismissal. So reports AdvisorHub.


Ken Fisher’s Foul Comments Get Him Banned From Tiburon Events

Tiburon Strategic Advisors has banned Ken Fisher from participating in future events after the financial advisor made sexist comments during a recent Tiburon CEO Summit. So reports Fox Business News.


Which Advisory Firm is Top Ranked?

The CNBC FA 100 ranking has selected Salem Investment Counselors as top dog followed by Montag & Caldwell, Dana Investment Advisors, Century Management Financial Advisors and NorthStar Asset Management. So reports CNBC.


Schwab Captures $9B in Dynasty Financial Assets

Charles Schwab has captured custody assignments from five teams managing almost $9 billion in assets that have left wirehouses this year to open RIA practices with Dynasty Financial Partners. So reports Financial Planning.


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