Financial Advisor IQ19h
‘Cultural Risk,’ Retention Costs to Accompany LPL’s Big Deal for Commonwealth
As it happens, Steinmeier's statement was literal: LPL on Monday announced that it had reached a deal to acquire Commonwealth, which has about 2,900 advisors and around $285 billion in brokerage and ...
Financial Advisor IQ19h
BofA Promotes Exec to Oversee Merrill Edge Offerings, Newly Combined Consumer Unit
Bank of America has promoted two executives to oversee overhauled business lines, including a newly formed unit tasked with overseeing offerings for consumers through Merrill Edge, according to ...
Financial Advisor IQ19h
Raymond James Adds FA Team with $740M from Merrill Lynch
Raymond James announced that it has added an advisor team from Merrill Lynch, where the team had more than $740 million in client assets.
Financial Advisor IQ19h
Indianapolis B-D Dinged over Reg BI, Other Violations
Finra has fined Thurston Springer Financial $150,000 over several alleged violations taking place since 2020.
Financial Advisor IQ19h
SEI Taps Morgan Stanley's Parametric to Bulk Up Direct Indexing Suite
Parametric has been part of SEI's platform for over 20 years, initially as a sub-advisor with a sleeve-only offering, Holland said. Since SEI's UMA platform launched in 2007, Parametric has functioned ...