News Roundup

News Roundup (677)

Jackson National Rolls Out Alts Investment Education Initiative

Jackson National Life has introduced a comprehensive collection of tools and programs to help its advisors learn more about alternative investments, reports Advisorone.com.

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Millionaires Say Advisors Make Them Smarter Investors

Gaining increased knowledge of investing is one of the frequently cited advantages of working with advisors in a recent survey of millionaire, reports Spectrem’s Millionaire Corner.

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Raymond James Grabs Sunshine Financial Group

Raymond James has recruited the Sunshine Financial Group from Morgan Stanley. Sunshine has $204 million in client assets and annual commissions and fees of approximately $1.5 million, reports Financial-Planning.com.

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Many Clients Disappointed with Advisors in 2012

In a recent Fidelity Investments study, 43% of survey respondents said their advisors did not earn their keep in 2012. So reports InvestmentNews. Read more...

Morgan Stanley to Revamp Advisor Pay

Morgan Stanley is overhauling how it compensates advisors, reports Reuters. Read more...

Advisor Sentenced to 10 Years in Slammer

Noah Aulwes, who was previously a financial advisor in Cedar Rapids, has been sentenced to 10 years in jail and ordered to return more than $363,000 to clients he swindled, reports KWWL.com.

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Investors Don't Understand Advisor Compensation

In a survey by Cerulli Associates and Phoenix Marketing International, 33% of respondents say they believe their advisor’s services were complimentary and another 31% said they didn’t know how their advisor was paid. Read more...

Meadows Corp. Completes Acquisition of Two Advisors

Las Vegas-based Meadows Corp. announced it has completed its acquisitions of Rutherford Investment Management LLC and Landmark Global Advisors in Las Vegas, reports the Las Vegas Review-Journal.

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