News Roundup (489)
Stifel Nabs $217M Wells Fargo Trio
- Wednesday, 15 January 2020
- News Roundup
- Written by PFA News
Stifel’s aggressive recruiting push appears to be extending into 2020. So reports On Wall Street.
Read more...LPL Picks Up $460M Team
- Wednesday, 15 January 2020
- News Roundup
- Written by PFA News
Newly-named Twenty Four Wealth Management has joined LPL Financial’s broker-dealer and hybrid registered investment advisor (RIA) platforms and aligned with Stratos Wealth Partners, an existing enterprise firm that supports the operations and growth of LPL-affiliated advisors. The advisors serve more than $460 million in brokerage and advisory assets*. They join from MassMutual Financial Advisors.
Read more...Schwab, TD Ameritrade Deal Could Hurt RIAs
- Wednesday, 11 December 2019
- News Roundup
- Written by PFA News
The proposal by Charles Schwab to acquire TD Ameritrade Holdings in a $26 billion deal would give the resulting combined entity huge control of the custodian industry, which in turn could hurt registered investment advisors’ abilities to offer flexible services. So reports Financial Planning.
Read more...Ken Fisher's Lewd Comments Still Causing Withdrawals
- Saturday, 30 November 2019
- News Roundup
- Written by PFA News
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.
Read more...Ex-Stock Broker, Boyfriend of Missing Woman, Arrested
- Friday, 15 November 2019
- News Roundup
- Written by PFA News
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 APP.com.
Read more...Shares of Ladenburg Thalmann Rally on Merger News
- Friday, 15 November 2019
- News Roundup
- Written by PFA 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.
Read more...Potential Financial Planner Shortage Can Be Averted
- Friday, 15 November 2019
- News Roundup
- Written by PFA News
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.
Read more...Advisor Group Courting Ladenburg Thalmann
- Saturday, 02 November 2019
- News Roundup
- Written by PFA News
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.
Read more...Ken Fisher Previously Made Inappropriate Comments
- Saturday, 02 November 2019
- News Roundup
- Written by PFA News
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.
Read more...Court Gives JP Morgan Broker Second Shot at Arbitration
- Saturday, 02 November 2019
- News Roundup
- Written by PFA News
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.
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